Bank boardroom moves after takeover

ULSTER BANK chief executive Martin Wilson will step down from his position when its takeover of First Active is completed, making way for the former building society’s chief Cormac McCarthy.

Mr Wilson will become deputy chairman of Ulster Bank after the completion of takeover of First Active by the Royal Bank of Scotland, Ulster’s parent.

Ulster Bank’s finance director Richard Houghton is also stepping aside from his role, but will continue in an executive capacity to oversee the integration of the two banks.