AIB seeks approval to name new chief executive

AIB intends to promote its retail and business unit head Bernard Byrne to the role of chief executive, and is seeking permission from regulators for the move, according to a source.

Mr Byrne’s name has been given to the ECB’s banking supervision unit for confirmation and the timing of approval is not yet clear, said the source.

The bank has been searching for a new chief executive since January, when David Duffy said he was leaving to join National Australia Bank’s Clydesdale Bank.