Saturday 17 March 2018

KBC rings personnel changes

KBC Bank Ireland plans to appoint Wim Verbraeken as chief financial and operating officer to replace Ian Black.

KBC Ireland has racked up €1.9bn of bad loan losses since 2008 thanks to the property collapse.

Mr Black (50), who has been with the lender for the past 25 years, plans to leave the bank "to pursue his career elsewhere", CEO John Reynolds said.

Mr Verbraeken was previously senior managing director at Absolut Bank.

The bank also plans to appoint Barry D'Arcy as head of finance, with Noelle Condon taking up "a new opportunity", according to Mr Reynolds.

Richard Sloane, former head of home mortgages, and John Delaney, who was head of consumer services, left the lender at the end of March, he said.

Joe Brennan

Irish Independent

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