Monday 20 November 2017

AIB Capital Markets to shut four of its offices

Peter Flanagan

Peter Flanagan

AIB Capital Markets is to close four international offices of its Global Corporate Banking division with the potential loss of 25 jobs.

The firm's offices in Sydney, Houston, Leeds and Edinburgh are all to close their doors "in the next few months".

AIB's head of corporate relations and communications Catherine Burke said that the move followed a strategic review of the business.

"In the current economic climate these offices just didn't have the scale to be viable in the long term," she said. "Efforts will be made to redeploy the effected staff," she added.

In a statement, AIB described the potential impact on customers as "minimal".

AIB Capital Markets employs around 500 people in its overseas offices.

The firm has offices in London, New York and Frankfurt, amongst other locations across Europe and North America.

Irish Independent

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