Dáil Éireann Debate, Wednesday - 2 May 2012
42 Deputy Thomas P. Broughan asked the Minister for Finance the name of each person who holds a senior corporate management post in each of the State controlled banks; and if he will make a statement on the matter. [22261/12]
Amharc ar fhreagraInformation regarding the composition of the management teams of the relevant State controlled banks is available on the respective company's websites through annual reports and updated press releases. However, for completeness, the current status of the management teams of each institution is presented below:
The Executive Committee of AIB is currently comprised of the following individuals:
David Duffy — Chief Executive Officer*,
Bernard Byrne — Director of Personal and Business Banking*,
John Conway — Human Resources Director,
Marcel McCann — Operations and Technology Director,
Jerry McCrohan — Director of Corporate and Institutional and Commercial Banking,
Gerry McGinn — Managing Director, First Trust Bank,
Fergus Murphy — Group Transformation and Services Director,
Ronan O'Neill — Managing Director, AIB UK,
Peter Rossiter — Chief Risk Officer,
Peter Spratt — Head of Non-Core Unit,
Paul Stanley — Acting Chief Financial Officer.
*Members of Board.
The current members of the senior management team of IBRC are:
Mike Aynsley — Group Chief Executive Officer*,
Philip Brady — Group Company Secretary,
Peter Fitzgerald — Head of Corporate Affairs,
Walter Tyrell — Head of Internal Audit,
Lizanne White — Group Executive — Chief Legal Officer (temporary),
Jim Bradley — Group Executive — Chief Financial Officer (temporary),
Gary Marshall — Group Executive — Chief Operations Officer (temporary),
Roger McGreal — Interim Chief Risk Officer*,
John McGloughlin — Group Executive — Investment and Loan Servicing,
Tom Hunersen — Group Executive — Corporate and Institutional Recovery,
Richard Woodhouse — Executive Head of Specialised Asset Management (temporary),
Mark Layther — Executive Head of Recovery Management Ireland (temporary),
Jim Brydie — Executive Head of Recovery Management UK.
Note: Senior corporate management as opposed to Gexco members.
*Members of Board.
The Executive Committee of the IL&P is comprised of:
Kevin Murphy — Group CEO*
David McCarthy — Group Finance Director*
Gerry Hassett — CEO Irish Life Retail
David Harney — CEO Irish Life Corporate Business
Gerry Keenan — CEO Irish Life Investment Managers
Tony Hession — Group Head of Human Resources and Organisation Development
Bill Hannan — Group Head of Risk and Compliance
Brendan Healy — Group Chief Information Officer
Note: The IL&P Group is in the process of being split up with legal separation currently expected to complete at end June 2012. In the interim, Jeremy Masding has been appointed as CEO of permanent tsb*. He has appointed the following people to his executive team — Bill Hannan Chief Risk Officer, Emil Ivanov Strategy and Planning Director, Kieran Bristow Head of Treasury and Tony Hession as HR Director.
*Members of the Board of IL & PGH.
43 Deputy Thomas P. Broughan asked the Minister for Finance the number of times in 2011 and to date in 2012 he has met the ECB President Mario Draghi and when he will be in a position to make a further announcement on the promissory note; and if he will make a statement on the matter. [22262/12]
Amharc ar fhreagraAs the Deputy is aware, I have indicated that I am committed to reviewing the approach to the Promissory notes with a view to reducing the overall cost to the State of correcting the banking system. The Troika have agreed to engage in a process with Irish Officials to produce a common paper which will consider options for re-engineering the notes in terms of the maturity of the notes, the interest rate, the cash flows etc. Work is on-going on this, and we must look at recent developments as an initial step in a process. This is a medium term project. The Government is focused on developing an alternative solution to the promissory note arrangement in IBRC. As you know, we want to arrive at a successful conclusion that is in the interests of Ireland and the EU.
In tandem with this technical review the Government uses appropriate opportunities to garner support for an approach which is more beneficial to the Irish State. President Draghi regularly attends Eurogroup and Ecofin meetings in Brussels and these meetings provide an opportunity to speak with President Draghi on the margins. The Deputy will also be aware that I travelled to Frankfurt on the 24th of January 2012 to meet President Draghi.
