Job moves
QUOTE OF THE MONTH: - “I have come to you with a problem – we need to outsource our balance-sheet funding” From an e-mail sent last year by John Rusnak to an unnamed counterparty, referring to his deep-in-the-money options trades, or ‘synthetic loans'.
Six senior executives have left Allied Irish Banks (AIB) in the wake of the Rusnak scandal, including Allfirst treasurer David Cronin. The bank plans to appoint a chief risk officer and an adviser to the board on risk, following the completion of its internal investigation into the loss of $691 million at Allfirst, its US subsidiary.
Michael Buckley (right), chief executive of AIB, says the chief risk officer will perform functions now handled by group treasurer Pat
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