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Posted: Tue 20:36, 27 Aug 2013 Post subject: AIB recruits 'bad debt' expert in major shakeup-sp |
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AIB recruits 'bad debt' expert in major shakeup,デュベチカ 通販
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,ダウンジャケットduvetica.
Donal Forde,ダウンジャケットメンズ, the present managing director of loss- making AIB within the Republic,ダウンジャケットメンズ, is effectively being sidelined as Robbie Henneberry,Parajumpers Jackets Men Sale, the head of AIB in the UK,デュベチカ 通販, steps into his shoes on May 1.
Mr Forde (4 will step down in the group board as he becomes director of group strategy,デュベティカ 激安, 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,ダウンジャケットduvetica, Mr Forde had 7,ダウンジャケットduvetica,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,デュベチカ 通販, where it has significant presences.
Mr Henneberry joined AIB in 1980 and, because the bank said, "has extensive banking experience,ダウンジャケットduvetica, including credit management,デュベティカ 店舗, personal,デュベティカ ダウンジャケット, 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,デュベティカアウトレット, under a stress-case scenario. As such,デュベティカダウンジャケット, 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,デュベティカ 激安.
Finance Minister Brian Lenihan recently required a salary cap of for that chief executives of banks taught in guarantee scheme,http://duveticadownjackets.webmium.com/. And a new Government-commissioned set of executive pay recommended that packages below the very best grade be set in a significantly lower level,デュベティカ 激安.
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,デュベティカアウトレット, 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,Parajumpers Jackets, 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.
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