ANGLO IRISH Bank has not yet appointed an external candidate to the nationalised bank’s executive management team, but the bank has said that the search to appoint an outsider to the post of chief risk officer is well advanced.
The bank’s executive chairman, Donal O’Connor, said last month that the bank’s management team would be “strengthened” with external appointments.
The bank is seeking an outsider to fill the role of chief risk officer following the resignation of Willie McAteer, who held that role and the position of finance director, over the controversy surrounding the secret loans to former chairman Seán FitzPatrick.
Peter Butler, the former managing director of the bank’s wealth management division, has held the position of chief risk officer in an acting capacity since Mr McAteer’s resignation last January.
Mr O’Connor, a former non-executive director, is in charge of the running of Anglo Irish as the appointment of a new chief executive has been deferred until the board devises a new business plan.
The executive team at the bank comprises long-serving managers including Anglo’s former head of UK lending, Declan Quilligan who has been appointed chief operating officer; Matt Moran, chief financial officer, and Pat Whelan, head of Irish lending at the bank.
The other members of the management team are John Bowe, head of treasury; Fiachre O’Neill, head of tax and compliance; Aidan Long, head of operations and retail funding; Tony Campbell, head of US operations, and head of human resources Seán Fitzpatrick, who is not related to the former chairman, and Mr Butler.
Mr Quilligan and Mr O’Connor are the only members of the executive management team who also sit on the board of the bank.
The other board members are Frank Daly and Alan Dukes, who were appointed by the Government under the State bank guarantee, and former Bank of Ireland chief executive Maurice Keane who was appointed in January.
Following Anglo’s nationalisation that month, the bank’s board structure has been changed to resemble that of a State-owned company, which limits the appointment of executive staff. Due to this change, Mr Whelan stepped down from the bank’s board last month.
