AIB appoints Ludwig as adviser on risk control

AIB has turned to the man who investigated the activities of rogue trader John Rusnak to advise on the bank’s risk control and compliance.

Eugene Ludwig, who runs the Promontory Financial Group, carried out the report two years ago into John Rusnak’s $691 million foreign exchange losses.

He will become an external adviser to the AIB board on risk, control, compliance and governance issues arising from recent events.