AIB poaches Ulster’s head of private banking

As part of AIB’s attempts to beef up its wealth management division it has hired Patrick Farrell as managing director of its private bank.

Mr Farrell is current head of private banking at Ulster Bank.

AIB’s private bank has seen a sharp fall in business over the past few years. It had been focused on offering property-related investments in the years leading up to the collapse of the economy in 2008.