AIB chief will work constructively in new role as president of IBF
AIB chief executive David Duffy has been appointed president of the Irish Banking Federation. Mr Duffy will begin his two-year term from January 1 and succeeds John Reynolds. He will also sit on the board of the Brussels-based European Banking Federation.
Mr Duffy was educated at Terenure College and Trinity College Dublin and has worked for almost three decades in banking in Singapore, Ireland and the US.
He worked for Standard Bank in Singapore and ING in the US and Latin America. He also worked for Goldman Sachs International.
"I am very honoured to be appointed President of the IBF and I look forward to working closely with Ireland's banks and financial services institutions at this critical time," Mr Duffy was quoted as saying yesterday. "We are seeing the first signs of a sustainable turnaround in the economy and, during my two-year Presidency, the IBF and I will work constructively with all our customers and stakeholders to advance that recovery through increased business and mortgage lending, debt reform and resolving the arrears issue for mortgage holders and SMEs," he added.