AIB hints at need to abandon salary cap

A senior official at AIB is hinting they could have to breach the Government imposed salary cap in the hunt for a new chief executive.

The executive chairman at the bank, David Hodgkinson, has been speaking of the difficulties in recruiting a quality candidate, who would not be paid the going international rate.

The bank is looking at home and abroad in the effort to recruit someone to replace Colm Doherty, although the appointment is not expected to be made until later this year.