cheapbag214s
Joined: 27 Jun 2013
Posts: 16004
Read: 0 topics
Warns: 0/5
Location: England
|
 Posted: Tue 20:36, 27 Aug 2013 Post subject: AIB recruits 'bad debt' expert in major shakeup-sp |
|
|
AIB recruits 'bad debt' expert in major shakeup,[link widoczny dla zalogowanych]
Allied Irish Banks is ratcheting up its management of spiralling bad loans in Ireland by parachuting in a top executive who worked in the British debt recovery unit through their last property crash in early 1990s,[link widoczny dla zalogowanych].
Donal Forde,[link widoczny dla zalogowanych], the present managing director of loss- making AIB within the Republic,[link widoczny dla zalogowanych], is effectively being sidelined as Robbie Henneberry,[link widoczny dla zalogowanych], the head of AIB in the UK,[link widoczny dla zalogowanych], steps into his shoes on May 1.
Mr Forde (4 will step down in the group board as he becomes director of group strategy,[link widoczny dla zalogowanych], that the bank said would use his "strong strategic management skills". He was gm of the strategic development unit in AIB Bank before you take over as managing director in 2002. At the end of last year,[link widoczny dla zalogowanych], Mr Forde had 7,[link widoczny dla zalogowanych],746 people reporting to him.
It is understood that both men were informed by group chief executive Eugene Sheehy from the changes in recent weeks which it had been rubber stamped in a board meeting working in london yesterday. AIB holds board meetings occasionally in the united kingdom and Poland,[link widoczny dla zalogowanych], where it has significant presences.
Mr Henneberry joined AIB in 1980 and, because the bank said, "has extensive banking experience,[link widoczny dla zalogowanych], including credit management,[link widoczny dla zalogowanych], personal,[link widoczny dla zalogowanych], business and corporate banking". The Irish property development portfolio will stay the primary concern as it prepares to jot down up to an additional of loans this season and next,[link widoczny dla zalogowanych], under a stress-case scenario. As such,[link widoczny dla zalogowanych], analysts expect the broader group to post losses for both years.
Mr Forde's pay package fell 44pc this past year to but Mr Henneberry's remuneration is going to be much lower again,[link widoczny dla zalogowanych].
Finance Minister Brian Lenihan recently required a salary cap of for that chief executives of banks taught in guarantee scheme,[link widoczny dla zalogowanych]. And a new Government-commissioned set of executive pay recommended that packages below the very best grade be set in a significantly lower level,[link widoczny dla zalogowanych].
AIB is conducting an interior visit a new managing director for its UK operations. The group plans to hold its annual general meeting on May 13,[link widoczny dla zalogowanych], when shareholders are required to vote about the Government's planned recapitalisation plan.
Government sources expect Mr Lenihan also to have unveiled his plans to cope with toxic assets festering on banks' balance sheets by then. Economist Peter Bacon,[link widoczny dla zalogowanych], who was introduced to advise the minister on the issue, has recommended the State set up a toxic debt company to absorb and manage lenders' troubled property development and commercial investment assets.
相关的主题文章：
[link widoczny dla zalogowanych]
[link widoczny dla zalogowanych]
[link widoczny dla zalogowanych]
[link widoczny dla zalogowanych]
[link widoczny dla zalogowanych]
[link widoczny dla zalogowanych]
[link widoczny dla zalogowanych]
[link widoczny dla zalogowanych]
[link widoczny dla zalogowanych]
[link widoczny dla zalogowanych]
[link widoczny dla zalogowanych]
[link widoczny dla zalogowanych]
[link widoczny dla zalogowanych]
[link widoczny dla zalogowanych]
[link widoczny dla zalogowanych]
The post has been approved 0 times
|
|
FAQ
Search
Memberlist
Usergroups
Galleries
Register
Log in to check your private messages
Log in
