Ulster Bank gets set to compete

The appointment of Jim Brown as the bank’s new chief executive shows that the institution plans to make a serious play for business in Ireland

2nd April, 2011

Royal Bank of Scotland’s appointment of Jim Brown as Ulster Bank’s new chief executive is one of the clearest signals yet from the Edinburgh based institution that it is prepared to compete in Ireland for the long haul.

The arrival of the New Zealander tomorrow week marks the end of Cormac McCarthy’s seven-year stewardship, during which Ulster Bank lent heavily into an inflating property market, infamously giving developer Sean Dunne €326.5million...

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