AIB shakes up top management

2 mins read

Allied Irish Banks (AIB) has undertaken a significant reshuffle in its top management, making key appointments to key leadership positions. These changes reflect the bank’s commitment to bringing fresh talent and expertise into its leadership team. The new appointees will join the Executive Committee immediately, marking a new chapter in AIB’s leadership landscape.

Geraldine Casey has been appointed as the Managing Director of Retail Banking at AIB. With an extensive background at Tesco Ireland spanning 19 years, Casey brings a wealth of experience to her new role. She will succeed Jim O’Keeffe in overseeing AIB’s retail banking division, which includes managing €34.7 billion in loans and €79.4 billion in deposits across 170 branches. In her new position, she will be responsible for leading a workforce of 4,000 employees.

David McCormack, a seasoned professional with over two decades of experience in human resources (HR), has been appointed as the Chief People Officer at AIB. McCormack’s impressive track record includes his role as Deputy Chief People Officer at AIB and his previous position as Head of HR in AIB UK. He will take over from Geraldine Casey and bring his expertise to the bank’s HR initiatives.

Graham Fagan, who boasts 25 years of experience in banking and multinational organisations, has assumed the role of Chief Technology Officer at AIB. Fagan has held several senior positions at AIB, with his most recent role being Director of Technology Transformation. In his new capacity, Fagan will lead large-scale teams responsible for technology management.

This reshuffle within AIB’s top management team comes at a pivotal moment, coinciding with a sell-down program aimed at reducing the State’s stake in AIB from 71% to under 46%. It underscores the bank’s commitment to bringing diverse and capable leadership to steer the organisation forward. Notably, all revenue-generating divisions of the bank are now led by women: Geraldine Casey in retail banking, Cathy Bryce in capital markets, and Hilary Gormley in AIB UK, reflecting the bank’s commitment to diversity and inclusion at the highest levels of leadership.