McCarthy elected head of IOB

THE group chief executive of Ulster Bank, Cormac McCarthy, was elected president of the Institute of Bankers in Ireland (IOB), at the Institute’s AGM yesterday.

He told delegates that expansion of higher-level education and training in financial services was essential to ensure the continued health of this economically vital sector.

He outlined the role the IOB will play in this development, including the planned joint undertaking with UCD to establish the Global Finance Academy of Ireland, a world class centre of excellence.