Belfast Telegraph

New chief executive appointed by bank

By Clare Weir

Ulster Bank has appointed a new chief executive.

Jim Brown was previously chief executive of retail and commercial markets in Asia for Royal Bank of Scotland, having worked in the financial services industry for over 30 years.

He replaces Cormac McCarthy at the helm of the bank.

In his most recent role he has been responsible for the day to day management of the retail and commercial businesses, leading over 7,000 employees across Asia and the Middle East.

A native of New Zealand, Mr Brown has spent his career to date working across the Asia Pacific region.

Prior to joining RBS, he held a number of senior management roles at ABN Amro.

Welcoming the appointment Brian Hartzer, chief executive of UK retail, wealth and Ulster Bank at RBS, said: "Jim brings a wealth of experience to this position which underlines our ongoing commitment to Ulster Bank and to the island of Ireland.

"Ulster Bank will benefit hugely from his experience of successfully leading businesses across a range of diverse markets, delivering strong financial results through change and difficult market conditions.

"This is a challenging time but a significant amount of work has already been done to position Ulster Bank for recovery in the longer term.

"Under Jim's leadership I believe that we will be well placed to continue to deliver excellent service for our 1.9m customers across the island of Ireland."