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.
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