Numbers come up for Ellvena
ELLVENA Graham had lots of numbers to hand when speaking at the Northern Assembly's Finance and Personnel Committee yesterday. Among the figures dropped by the head of Ulster Bank's corporate banking division was the fact that branches generate a fifth of all transactions while mobile banking contributes 15pc, that chief executive Jim Brown is undertaking the 34th of 60 countrywide staff briefings and that Ulster Bank has been in Northern Ireland for 177 years. Banking types, after all, like numbers.
She was also very clear that the bank is seeking up to 1,800 job cuts by 2014 – through redundancies, staff wastage and the expiry of contracts. These cuts were recently presented to investors in an effort to boost confidence in the bank's cost-cutting measures, so we know they are strategically important.
But The Punt is confident that Ms Graham, recently recognised as the 'First Woman in Finance' by the Confederation of British Industry, is good at sums. The powers that be have so much faith in her that she's just been appointed as all-island head of corporate banking – three months after being promoted to head up the bank in the North.