Anglo fills financial markets position

STATE-OWNED Anglo Irish Bank has filled another key position on its executive management team with an external appointment.

Jim Bradley, a former executive at Citibank, broker Security Pacific and National Australia Bank (NAB), has been appointed head of financial markets. Mr Bradley will report to the bank’s chief executive, Mike Aynsley.

Mr Bradley has worked in the UK, the US, Canada and Mexico over a 30-year career and has been based in London for the past 20 years, Mr Aynsley told Anglo employees in an internal e-mail.

Mr Aynsley said John Bowe, group treasurer at Anglo, would continue in his current role until Mr Bradley started with the bank early in the new year.

“Thereafter, it is planned that John will assume a leadership position within the financial markets position at Anglo,” he said.

In his e-mail, Mr Aynsley acknowledged Mr Bowe’s contribution in managing the treasury division “and, in particular, his commitment over the last difficult 12-month period”.

Mr Bradley’s expertise was “in wholesale banking, treasury and balance-sheet management and capital markets activities”, Mr Aynsley told Anglo staff.

The appointment makes Mr Bradley the fourth external appointment by Mr Aynsley, himself an outside recruit, since he took over as chief executive in September.

Mr Aynsley has filled nine roles on the 10-strong interim management team pending the European Commission’s review of Anglo’s restructuring plan.

Three of the outside candidates, including Mr Bradley, have spent time at Security Pacific or NAB, where Mr Aynsley worked.