IBOA rebrands as Financial Services Union
Published 06/05/2016 | 02:30
The Irish Bank Officials' Association (IBOA) is renaming itself the Financial Services Union (FSU).
The move is designed to extend the trade union's appeal beyond traditional banking. It has also overhauled its constitution to make its decision-making process "more responsive".
The union believes the rebrand will help grow membership from the current level of 15,000 and take advantage of opportunities within the wider financial services sector.
"Banking is now part of an international financial services industry which includes not just bank tellers, but software developers, derivative traders, financial advisers and sales teams," general secretary Larry Broderick said.
"FSU members will continue to benefit from the collective strength of the union, but we'll also be reconfiguring our services to provide more personal and career development."
The union's make-up has begun to change with some 1,000 members now drawn from outside traditional banking.