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Thursday, 25th April 2024 |
| A brief look at some recent appointments in Ireland's financial sector |
New head of AIB Corporate
Ronan O'Neill has replaced Jerry McCrohan as head of AIB Corporate Banking Ireland. McCrohan has moved to the position of head of global corporate banking within the capital markets division.
O'Neill is a director of AIB Capital Markets and has worked within the AIB Group in a wide range of roles over the course of the last 25 years, most recently as chief risk officer, a position he held for over four years. He also spent five years in the UK where he was responsible for establishing and growing AIB's corporate banking operations.
New at Bank of Scotland.
Gabriel Bannigan has been appointed as head of retail and intermediary banking at Bank of Scotland (Ireland). Bannigan (38) joined Bank of Scotland (Ireland) from Bank of Ireland, where he was head of strategy & marketing for Bank of Ireland Personal Lending and managing director of Bank of Ireland Insurance Services.
In addition he has held several other senior management positions in retail banking in Ireland and the UK including managing director of Bristol & West Financial Services in the UK. Bannigan replaces Ian Corfield, who moved to HBOS Australia in the role of chief executive - retail.
Gleeson leaves NPRF
Ian Gleeson, head of property at Ireland's €18.8 billion National Pensions Reserve Fund (NPRF), is to join Morley Fund Management. He will head up its international multi-manager property services from mid-May.
Gleeson chairs the Investor Platform at INREV, the European Association for Investors in Non-listed Real Estate Vehicles. Prior to working for the NPRF Gleeson worked at F&C as director responsible for indirect property investment and strategy formulation for all property clients.
ICAI appoints new regulatory board
Dr Liam O'Reilly, former chief executive of the Financial Regulator, is to chair the Chartered Accountants Regulatory Board (CARB), the new board established by the Institute of Chartered Accountants in Ireland (ICAI) to regulate chartered accountants.
The other members of the board are: Dr Don Thornhill, deputy chairman; Dr Eileen Fitzpatrick; Dr Christopher Gibson; James Hunt FCA; Leo Martin FCA; Terence O'Rourke FCA; Angela Paisley FCA; Laurence Shields Solr; Roderick Ryan FCA, and Professor Noel Whelan. The board formally began its work on April 9th.
BOI expands stateside
Bank of Ireland Corporate Banking has appointed Chris Mangan as managing director and head of U.S. media finance. Mangan was formerly managing director of GE Commercial Finance's global media and communications group.
Media finance is a new growth area for the bank. Having recruited a team to lead the business in the UK, which specialises in mid-market media transactions throughout Europe, the bank is now looking to grow its global media finance franchise.
The US team will be based in Stamford, Connecticut and it will offer finance to media companies in the publishing, information services, broadcasting, out-of-home, cable television and digital media sectors and will have a specific focus on transactions in the mid-market space.
Tom Hayes, chief executive, Bank of Ireland Corporate Banking said that the bank's strategy in the US is to focus on the corporate and private equity market. 'In the private equity market in particular we will be looking to work with firms that sponsor leveraged buyouts and recapitalisations in the media and information services sector', he added.
Somers is new ISE CEO
Deirdre Somers is to replace Tom Healy as chief executive of the Irish Stock Exchange (ISE), becoming the first woman to hold this position.
As director of listing at the exchange, Somers is responsible for all public listings including listings by companies, investment funds and specialist securities, and has played a key role in developing the exchange as the premier global location for both funds and debt listings.
Somers trained as a chartered accountant with KPMG, and joined the ISE as listing policy manager from the accountancy firm in 1995. Somers will assume the role from June 30th. |
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| Article appeared in the April 2007 issue.
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