AIB announces new management roles

AIB has announced some management changes aimed at rebuilding the bank’s credit and risk infrastructure.

The bank said it has appointed Joe O’Connor, currently chief credit officer at AIB Capital Markets to the new position of group chief credit officer.

He will be responsible for credit underwriting, credit risk policy and strategy, best practice and standards. Michael O’Farrell, currently general manager credit at AIB ROI, will act at Mr O’Connor’s deputy.

Mr Doherty also told staff yesterday that the bank was establishing a Nama unit, which will be headed up by Kieran Bennett, currently group chief credit officer.

Article courtesy of the Evening Echo newspaper.