Ireland’s government-owned Allied Irish Banks has hired David Duffy as CEO, Financial Times reports. The bank has been looking for a chief for nearly an year after ex-managing director Colm Doherty resigned last November.
Duffy, who will take up his new role in December, has been signed on a three-year fixed-term contract which he can renew for up to three years by mutual agreement with the government. Most recently, he founded a capital raising and advisory group, Celtic Advisory International. Previously, he was CEO of Standard Bank International, part of South Africa-based Standard Bank Group. He has also been associated with ING Barings as president and CEO of its Americas business.
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