IBOA finance union seeks clarity over plan to seperate Ulster Bank's operations in the Republic from those in the North

Finance union, the IBOA has written to Royal Bank of Scotland (RBS) seeking reassurance around its plan to separate Ulster Bank’s operations in the Republic from those in the North.

The move coincides with the news that Ulster Bank has appointed former Danske Bank (Northern Ireland) boss, Gerry Mallon as its new chief executive, taking over from Jim Brown, who has held the role for the past four years.

“We are seeking a strong commitment, from RBS, to the need to enhance investment in both entities in order to ensure that they are adequately staffed and resourced to build on the positive opportunities that may arise from separation.”