Friday 30 September 2016

PTSB finance man departs

Published 19/08/2015 | 02:30

Stepping down: Glen Lucken, Permanent TSB Group Chief Financial Officer
Stepping down: Glen Lucken, Permanent TSB Group Chief Financial Officer

Permanent TSB has announced that its group chief financial officer, Glen Lucken, is to step down.

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The bank said that he will be leaving his executive and board roles to return to the UK for "family reasons and to pursue other interests closer to home" in the coming months.

He had been with the group for three years.

Group chief executive Jeremy Masding said Lucken, pictured below, had made an enormous contribution to the company during that time.

"It is with regret that Glen will be leaving the Group," Masding said.

"He has played a leading role in the successful transformation of the Group during his time with us, most notably in the recent capital raise following the ECB's Comprehensive Assessment and associated stress tests," he added.

PTSB has been embroiled in controversy in recent weeks and was forced to offer a compensation package to more than 1,000 customers over mishandled mortgages.

Irish Independent

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