Tuesday 27 September 2016

Former Northern Ireland Danske Bank boss Mallon named as new Ulster Bank CEO

Paul O'Donoghue

Published 20/11/2015 | 10:23

Gerry Mallon is also the chair of the IFA
Gerry Mallon is also the chair of the IFA

Gerry Mallon, the former chief executive of Danske Bank in Northern Ireland, has been appointed as CEO of Ulster Bank in the Republic of Ireland.

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The appointment will be effective from June 2016.

Mr Mallon has held the position of Danske Bank's Northern Ireland CEO since 2008. He is also currently President of the Institute of Banking in Ireland. He is also a board member and chairman of the Irish Football Association.

Prior to joining Danske, he held a number of positions at Bank of Ireland, McKinsey & Company and the Industrial Development Board for Northern Ireland and the Northern Ireland civil service.

Chief financial officer Paul Stanley has served as the interim CEO for Ulster Bank's operations in the Republic following the departure of Jim Brown.

Royal Bank of Scotland (RBS) personal and business banking CEO Les Matheson welcomed the appointment. RBS is the parent company of Ulster Bank.

“Gerry has a significant knowledge of the banking landscape in Ireland which will be invaluable to us as we continue to build a strong and profitable bank that is number one for customer service, trust and advocacy across the UK and Ireland," Mr Matheson said.

Ulster Bank chairman Philip Nolan said: “We are delighted that Gerry has agreed to join us as chief executive of Ulster Bank in the Republic of Ireland.

“We are confident that Ulster Bank's customers, employees and other stakeholders will benefit hugely from Gerry’s experience and leadership.

He added: “I would like to take this opportunity to thank Paul Stanley for his on-going commitment in leading the bank as Interim Chief Executive. Paul will continue in this role until Gerry officially takes up his position in June 2016 at which point he will work with Gerry and the rest of the Ulster Bank leadership team to continue to deliver against our business objectives.”

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