Bank of Ireland lures London banker to head up property and project finance

  • 📰 IrishTimes
  • ⏱ Reading Time:
  • 57 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 26%
  • Publisher: 98%

Business News News

Business Business Latest News,Business Business Headlines

Bank of Ireland hire is part of CEO of corporate and commercial banking Gavin Kelly’s overhaul of unit he took charge of in March

Low incomes and poverty, Budget 2024 predictions, and Dublin Port’s plan for a new bridge over the Liffey

Mr Kelly’s leadership team also includes Michael Lauhoff being appointed to the expanded role of head of corporate and SME banking, and Kevin Twomey, previously head of global markets, widening his brief as head of customer products and solutions. Elsewhere, Susan Brown, who has been with the bank for more than two decades, has been named as head of strategic transformation and operations, while Paul Coyle is moving from the group risk department to Mr Kelly’s division to become head of risk governance and oversight.

The corporate and commercial banking unit had €27.1 billion of loans at the end of July – or a third of the Bank of Ireland’s total loan book – and was by far the most profitable of the group’s four operating divisions in the first half of this year, according to the bank’s latest financial report.

“The recent amalgamation of the group’s corporate, markets and business banking teams brings an opportunity to simplify our business and build even stronger relationships with our customers, while continuing to ensure our long-term sustainability,” said Mr Kelly in the staff email.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

BDO Ireland hires Permanent TSB’s ex-head of business banking headMags Brennan hired by PTSB in March 2020, at outset of Covid-19 pandemic, to build out a business banking team
Source: IrishTimes - 🏆 3. / 98 Read more »

How Ireland helps investors profit from the fossil fuel industry in poorer countriesAs the climate crisis reaches boiling point, Ireland is channelling funds to the fossil fuel industry
Source: IrishTimes - 🏆 3. / 98 Read more »