AIB promotes capital markets head

Allied Irish Banks (AIB) has made its capital markets head, Colm Doherty, an executive director of the bank.

Doherty is also responsible for AIB’s corporate banking, global treasury and investment banking businesses, as well as Allied Irish America.

He assumed control of treasury throughout the group last year after the bank discovered that subsidiary Allfirst Financial had lost $700 million through rogue foreign exchange trading.

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