Belfast Telegraph

IFA boss Gerry Mallon is new Ulster Bank chief in Republic

By Joanne Sweeney

Ulster Bank has appointed Gerry Mallon, chairman of the Irish Football Association, as its chief executive in the Republic.

The 45-year-old Belfast man will step down from his role as chief executive of Danske Bank in Northern Ireland to take up his new post.

Mr Mallon, who initially turned down his first opportunity to work in the sector, will now lead Ulster Bank in the South as it competes against Allied Irish and the Bank of Ireland.

The father-of-four has led Danske Bank since 2008.

It currently has 46 branches and five finance centres across the province.

He joined Danske as deputy chief executive from the Bank of Ireland after the Copenhagen-based company took over Northern Bank.

His promotion to head of the business came just weeks before the collapse of Lehman Brothers in 2008, which sparked the global financial crisis.

The former top civil servant and economics expert told the Belfast Telegraph last month that in banking "if you ever lose sight of the fact you are dealing with people, then the business is gone".

He will be replaced by Danske's current deputy CEO and managing director of business banking, Kevin Kingston, subject to regulatory approval.

Mr Mallon's appointment was announced by RBS personal and business banking chief executive Les Matheson yesterday.

He said: "Gerry has a significant knowledge of the banking landscape, which will be invaluable to us as we continue to build a strong and profitable bank that is number one for customer service, trust and advocacy." Dr Philip Nolan, chairman of Ulster Bank, said: "Gerry will lead a strong management team currently driving increases in lending across all customer segments with market-leading innovation and support to the communities in which we operate.

"We are confident that Ulster Bank's customers, employees and other stakeholders will benefit hugely from Gerry's experience and leadership."

Speaking on behalf of Danske Bank UK, chairman Lars Morch thanked Mr Mallon for his "significant contribution".

Mr Morch added of his successor: "Kevin Kingston has been instrumental to our success in terms of securing our position as the market-leading bank for business customers.

"He brings a track record of delivering what is best for customers and a wealth of experience in the sector."

Belfast Telegraph