David Duffy to leave AIB: A job well done

In an ideal world, David Duffy’s decision to quit the top job at AIB would have come after the Government had had the opportunity to sell at least a substantial proportion of the shares it holds in the once-zombie bank, but in the world of international banking where salaries are measured in millions rather than thousands his decision was inevitable.

Finding a suitable replacement happy to accept the €500,000 Government-imposed salary cap will be challenging, especially as the appointment will be made as the bank begins significant restructuring.

However, it will not compare to the challenge faced by Mr Duffy when he took the helm at AIB in December 2011.