Allied Irish Banks PLC on Tuesday announced major changes at the senior management level and confirmed that its new chief financial officer will be an external appointment.
AIB Group Managing Director Colm Doherty told staff in a released memo that the acting CFO, Maeliosa O'Hogartaigh, will take on a new role as head of corporate development and government relations.
Doherty — who was appointed in November 2009 from his previous role as managing director of AIB Capital Markets — said O'Hogartaigh would continue as CFO "pending an external appointment."
Michael O'Farrell, general manager of Credit, AIB Bank in the Republic, has been appointed to the new position of group general manager of credit, Doherty said. Jerry McCrohan, head of corporate banking, will take Doherty's old role as managing director of AIB Capital, according to the memo.
Allied owns a 23.5% stake in M&T Bank Corp. of Buffalo.