Anglo bosses plan office relocation

The new management team at Anglo Irish bank is planning moving staff to a less high-profile office, according to reports today.

The aim of the transfer is to reduce costs and to break the association with the bank's existing headquarters at St Stephens Green in Dublin, which attracts regular protests.

It is likely the move will be to Connaught House on Burlington Road. The building is leased from Treasury Holdings, the development company owned by Johnny Ronan and Richard Barrett.

The relocation would make Treasury Holdings the landlord of the head offices of two banks and NAMA.