No chief executive, but a brand new structure

AIB does not have a chief executive, yet last night announced the blueprint for its new banking structure that reduces its two coredivisions serving Ireland and Britain.

At home, the bank will include three units under AIB Group: personal and business banking, corporate and institutional banking, and commercial banking.

Chief financial officer Bernard Byrne becomes director of personal and business banking for the group, while AIB veteran Jerry McCrohan, managing director of AIB Capital Markets, will head both corporate and institutional, and commercial banking.