NATIONAL Australia Bank (NAB) has appointed Mr John Wright as chief executive of National Irish Bank (NIB).

Mr Wright replaces NIB's executive director, Mr Barry Seymour, who temporarily assumed responsibility for the position after the departure of Mr Jim Lacey. Mr Seymour is leaving Dublin to head a review of risk management activities for NAB in Europe.

Mr Wright is to oversee the strategic development" of NIB, according to the company. He will also retain his position as chief executive of the NAB's Northern Bank.

Mr Philip Halpin, the head of treasury and international banking at NIB, is being promoted to the newly created post of chief operating officer, and will be responsible for the day to day operation of NIB.

Mr Wright said he plans to bring a higher degree of co-operation between the Northern and NIB and that NIB's interest in the TSB continues".