Ulster Bank has announced that its chief executive Gerry Mallon is to resign. Ulster Bank has announced that its chief executive Gerry Mallon is to resign. Ulster Bank Ireland chairman, Des O’Shea thanked Mr Mallon for his contribution to the bank, "On behalf of Ulster Bank, I would like to thank Gerry for his contribution at an important time for the bank and for working tirelessly on progressing our strategy. Gerry will remain in place until mid year to manage the transition with our Board and the Ulster Bank Executive Committee," Mr O'Shea said. Ulster Bank had been seeking to delay appearing before the Oireachtas Finance Committee over the tracker mortgage scandal.

Source: Irish Independent January 24, 2018 08:21 UTC