New chief financial officer for Anglo

STATE-OWNED Anglo Irish Bank is to announce shortly the appointment of Dutch banker Maarten van Eden as chief financial officer…

STATE-OWNED Anglo Irish Bank is to announce shortly the appointment of Dutch banker Maarten van Eden as chief financial officer, filling the last of the 10 positions on the bank’s new interim management team.

The appointment of Mr van Eden has been signed off by the Minister for Finance Brian Lenihan but is awaiting clearance from the Financial Regulator as is normal with such an appointment.

Mr van Eden has been appointed chief financial officer-elect and has already started at Anglo working on the bank’s financial year-end figures for 2009.

The 10 posts on the interim team, which will run Anglo pending the EU Commission’s review of its restructuring plan, have been split evenly between internal and external candidates. They will report directly to Anglo chief executive Mike Aynsley.

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The bank has received preliminary queries from the commission on the restructuring plan and is expected to enter into dialogue with the commission in February.

Mr van Eden was most recently head of capital management at ING, where he was in charge of corporate treasury and capital planning, a position from which he stepped down in April 2009.

ING received a bailout of €10 billion from the Dutch government at the height of the financial crisis in late 2008. The state also guaranteed the bank against losses on US-related mortgage investments.

An experienced banker, Mr van Eden started his career working at the finance ministry after a stint in the Dutch military service. He later worked at Orion Royal Bank, a subsidiary of Royal Bank of Canada, in the mid-1980s.

He worked at JP Morgan’s investment management division over two stints, as head of the European syndicate desk from 1989 to 1994 and as head of the continental European institutional client business from 1997 to 2000.

He worked as head of sales in HSBC’s debt capital division from 1995 and 1997. After leaving JP Morgan in 2000, he joined the US hedge fund Paloma Partners before leaving in 2004.

Anglo’s new management team

  • Chief financial officer(elect) – Maarten van Eden (external appointment)
  • Head of corporate development– Tom Hunersen (external)
  • Head of financial markets– Jim Bradley (external)
  • Head of risk and compliance- Peter Rossiter (external)
  • Head of lending– Jim Brydie (internal)
  • Head of retail funding– Peter Fitzgerald (internal)
  • Head of technology and operations– Aidan Long (internal)
  • Head of human resources– Seán Fitzpatrick (internal, no relation to the former chairman)
  • Head of balance sheet management– Robert Cameron (external)
  • Head of the Nama unit– Niall Tuite (internal)

Other senior roles:

Head of legal– Lizanne White (internal)

Company secretary– Natasha Mercer (internal)

Head of internal audit– Walter Tyrrell (internal)