AIB overhaul set ‘to benefit customers’

AIB outlined a complete reorganisation of its structures in a new strategy document released internally to staff yesterday and seen by the Irish Examiner.

The bank will now be organised in four divisions. All customers from retail through to corporate will become the responsibility of customers and distribution, which will be headed up by Bernard Byrne.

Fergus Murphy becomes head of products which has responsibility for developing and managing all of AIB’s financial products.