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Trethowan takes on Northern firm chair

CREDIT Review Office head John Trethowan has taken over as chairman of the Northern Ireland Transport Holding Company (NITHC).

The former National Irish Bank executive has long been a non-executive director of the company. He takes over from Veronica Palmer on July 1, and will serve a four-year term.

The role is not expected to affect Mr Trethowan's position as the final adjudicator on credit applications by small and medium enterprises (SMEs) that have been refused by Bank of Ireland or Allied Irish Banks.

Experience

The Northern Ireland Regional Development Minister Danny Kennedy said: "John Trethowan has a wide range of valuable experience which should equip him well for his new role as chair of the Northern Ireland Transport Holding Company.

"I am confident that the appointment of Mr Trethowan ensures that the NITHC continues to have a strong and representative board.

"I expect Mr Trethowan to provide the strategic direction to the board necessary to encourage continued growth in the provision of an effective public transport service."

Mr Trethowan's latest report showed that AIB and Bank of Ireland had achieved lending targets to SMEs, while he called for an independent survey of bank lending in the SME sector, something that has found wide support across the sector.

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