AIB has unveiled its plans for its future structure, and announced a number of key appointments.

The bank said it would become an integrated bank comprising three units: personal and business banking, corporate and institutional banking, and commercial banking.

Because of the changing structure of the bank, AIB has made a number of appointments, with current chief financial officer Bernard Byrne becoming director of personal and business banking for the group, and managing director of AIB capital markets Jerry McCrohan heading up both corporate and institutional, and commercial banking.

Group financial controller Paul Stanley will step into the role of acting chief financial officer while a replacement is sought.

The bank said it intends to streamline and centralise its control and support functions, while a non-core unit manage or dispose of selected assets. This non-core unit will be run by PwC partner Peter Spratt for the next two years.

AIB said its British unit will be managed separately.

AIB’s executive chairman David Hodgkinson said the changes were part of the “most challenging” programme AIB has undertaken.

“It demands new and energetic leadership that will set the agenda to drive AIB to become a very different bank and enable it take on its identified role as a pillar of the Irish banking sector,” he said.

“AIB will move from a model of entirely separate businesses to a ‘one bank’ model.”