Irish financial companies to be hit by Brexit: AIB boss

The head of AIB has warned that Brexit will weaken Irish financial institutions as foreign firms relocating here will poach the best talent with better pay offers.

Richard Pym has also questioned if the UK will actually leave the EU and has said that Theresa May’s minority Government does “not have the bandwidth” to bring in the necessary policies and regulations in time for the March 2019 Brexit deadline.

Speaking at the MacGill summer school in Glenties, Co Donegal, Mr Pym agreed that Brexit would bring lucrative financial sector jobs here and said Ireland should be “promoting itself aggressively” to UK firms.