Allied Irish Banks PLC said it has appointed Colm Doherty managing director of AIB capital markets.

The company said Mr. Doherty would also become a member of the AIB group executive team.

As head of capital markets, Mr. Doherty succeeds Michael Buckley, who has been named head of AIB's new Polish division.

Mr. Doherty has been in charge of the investment banking division of AIB's capital markets group since 1994. Before that, he headed the company's international financial services division. Mr. Doherty worked at First National Bank of Chicago before joining AIB.

AIB is Ireland's largest banking and financial services institution, with $51 billion of assets.

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