THE EXODUS of former Anglo Irish Bank staff to other lenders has continued with several more senior staff departing what is now Irish Bank Resolution Corporation (IBRC) in recent weeks.
Niall Tuite, the former head of the Anglo unit that liaised with the National Asset Management Agency (Nama), and a senior lender at the bank, Eugene Murray, have left to join AIB.
Mr Tuite was a director of lending and latterly joint head of the Nama unit at IBRC. He was one of the chairmen of the Anglo credit committee that approved major property loans in Ireland under the management of chief executive David Drumm.
Mr Murray was a senior lender whose tasks included completing the paperwork on loans to executive directors at Anglo during Mr Drumm’s tenure.
More recently, he was involved in the management of distressed loan cases at IBRC.
Brian Lynch, a former head of corporate treasury at Anglo, joined Ulster Bank as deputy treasurer and head of capital management last month.
His departure follows that of John Bowe, the former head of treasury at Anglo.
In more recent times, Mr Bowe was IBRC’s director of corporate development and worked on managing the account of businessman Seán Quinn.
State-controlled AIB has taken on 12 executives from the nationalised IBRC since the start of the year, mostly to work on loan recovery cases.
About 350 staff are leaving IBRC under its most recent redundancy plan, while AIB said this week that it was seeking 2,500 redundancies.
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