Bookmaker bets on insider for AIB job

THE arbitrary remuneration limit of €500,000 on the top job at AIB will make it very difficult for the group to attract somebody from outside the bank, according to Oliver Gilvarry, head of research at Dolmen Securities.

As the search for a replacement for Eugene Sheehy begins, bookmakers Paddy Power have named Colm Doherty, head of AIB capital markets, as the front runner for the job.

Doherty is 7/4 favourite to takeover the reins as AIB announced its senior managers – chairman Dermot Gleeson, chief executive Eugene Sheehy and finance director John O’Donnell were to quit their jobs. Doherty was a strong contender last time.