Thursday February 20, 2020

PTSB boss’s departure spells end of an era

Jeremy Masding spent most of his seven years in charge of Permanent TSB putting out fires. But when he goes, what next for the bank?

Ian Guider

Markets Editor

27th October, 2019

To lose one senior banker in an afternoon may be regarded as a misfortune; to lose two looks like carelessness. As of Friday, the crowded departure lounge for Irish bankers now has two more denizens. Jeremy Masding signalled his intention to step down as chief executive of Permanent TSB next year, while AIB’s chairman Richard Pym also intends to go in early 2020.

Pym’s exit is easier to explain, and he is probably easier...

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