Anglo's chief risk officer leaves post

Anglo Irish Bank's chief risk officer Peter Butler has stepped down from his position just 10 months after taking up the role.

Peter Butler only took up the job in January as a replacement for Anglo's former chief financial officer Wille McAteer.

Mr McAteer stepped down alongside three other senior executives following the revelation of hidden loans to bank directors.

Staff at the nationalised lender were informed of his decision to leave in an internal statement from new chief executive officer Mike Aynsley.