Hilary Gormley Named AIB's UK Managing Director

​AIB has named Hilary Gormley, who has been with the group for more than three decades, as the next managing director of its UK unit, which has undergone a major restructuring in recent times.

The move, which is subject to approval by UK financial regulators, comes as the division's current postholder Robert Mulhall is leaving the group after more than 25 years, spread over two periods with the bank.

Ms Gormley, a Dublin native, is currently head of business banking at AIB Capital Markets, including corporate and institutional banking. She also spent a number of years in the wake of the financial crash working in senior roles in the bank's problem loans unit, known as the financial solutions group, including being involved in the sale of non-performing debt.

The appointment comes as AIB has set its sights on growing corporate lending in niche areas such as renewable energy, manufacturing and warehousing in Britain as it gets out of SME lending in that market. The group also moved to close eight of its remaining 15 retail branches in Northern Ireland in 2021.

Source: The Irish Times