Business And Leadership: New AIB CFO announced

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New AIB CFO announced

08.02.2010
Allied Irish Banks (AIB) has announced that the ESB’s Bernard Byrne has been appointed as the bank’s Chief Financial Officer (CFO).

Byrne will take up his new post in May and will be a member of the AIB Group Executive Committee.

Byrne began his career as a Chartered Accountant with PriceWaterhouseCoopers (PWC) in 1988. In 1994 he joined ESB International as Commercial Director, leaving in 1998 to take up the post of Finance Director with IWP International Plc.

He re-joined ESB in 2004 as Group Finance Director and was appointed to his current position in 2009.

"Bernard brings with him a wide range of experience in the financial management of both domestic and internationally focussed organisations. His experience includes the financial management of operations in Ireland, the UK, Poland and the US - all of which are also significant AIB locations,” said AIB Managing Director Colm Doherty.

“His familiarity with our areas of operation coupled with the external perspective he brings to the role will be a major asset to the group as we position ourselves for the future.”

Doherty last week unveiled the bank’s new management team to staff in a memo. However, one of the key outstanding roles yet to be announced is that of the bank’s Chief Risk Officer.

AIB's MD confirmed to staff in the memo that this candidate, like the bank’s new CFO, will be an external appointment.