Foreign banks ‘can deliver jobs boost’

THE new president of the Institute of Bankers has warned that the Irish banking industry will have to look to international banks for jobs growth in the coming years.

Aidan Brady, the current chief executive of Citigroup in Ireland, who became the first executive of a non-Irish bank to become president of the Institute, also says that the education and ability of those working in the industry will have to improve to keep Ireland as a financial centre

Mr Brady said the banking industry was “facing into another very tough year on the world economic and political front. Job losses in banking in the US and the rest of Europe are frightening.”