Belfast Telegraph

Ulster Bank promotes Donnan in senior management shake-up

Ulster Bank has appointed a new head of retail markets, the first appointment to a number of vacancies at the bank's most senior level.

Richard Donnan, the bank's new chief executive of retail markets, will be responsible for overseeing around 1.9m bank customers in Ireland.

Mr Donnan succeeds Mike Bamber, who is now managing director of branch banking for NatWest and RBS Retail in Great Britain.

Previous roles which Mr Donnan has held in the bank include regional manager in personal and business banking in Northern Ireland and managing director, personal banking, in Ireland.

He is a graduate member of the Institute of Bankers and has a professional banking diploma. Bank chief executive Cormac McCarthy - who announced his own resignation last year - said: "I am delighted to announce Richard's appointment to the position of chief executive, retail markets.

"Richard brings with him a broad range of experience from his time spent in various senior roles across the business which will be hugely valuable in his new position. I wish him every success as he takes on the leadership of our retail markets business at this critical juncture."

The bank has yet to appoint a permanent successor to the role of head of business banking after Henry Elvin parted company in November. Ian Jordan is acting head of business banking.

Mr McCarthy made the announcement that he would be leaving Ulster Bank in July last year, after 10 years in the top position, but he is set to remain in post until a successor is appointed.