AIB appoints David McNamara as new chief economist

Incoming AIB chief economist David McNamara will succeed Oliver Mangan in the role who is due to retire. 

AIB has announced that David McNamara will join the bank as its new chief economist succeeding Oliver Mangan who is due to retire.

Mr McNamara currently works as director of economic advisory at accountancy firm EY Ireland where he is responsible for macroeconomic research and insights to both the private and public sectors. He is expected to take up his new role in the coming months. 

In a statement, the bank said Mr McNamara will be responsible for “shaping AIB’s macroeconomic research, insights and analysis for national and international stakeholders and customers”.

Speaking on his appointment, Mr McNamara said he is “delighted” to join the bank in “what is a critical role for the bank and the economy”.

During his tenure at EY, Mr McNamara was seconded to the Government of Ireland to support Brexit preparations, and has supported the company’s clients in navigating the impacts of global macroeconomic events in recent years.

Prior to EY, he worked with Davy Stockbrokers as a senior economist, producing macroeconomic research and insights for global institutional investors.

Mr McNamara holds a PhD from Trinity College Dublin with his research focusing on the economic impact of carbon reduction policies on Irish households.

AIB said he will take up the role in the coming months succeeding Mr Mangan

The bank said that Mr Mangan made a “huge contribution” during his long career with the bank.

Mr Mangan is a regular columnist with the Irish Examiner.