Ulster Bank’s head of commercial lending, Eddie Cullen, is to leave the bank ahead of the sale of its commercial loan book to AIB. Two new roles are also being created to oversee the planned sale of the bank’s commercial and retail books respectively. In a memo to staff seen by the Irish Independent, Ulster Bank CEO Jane Howard said Eddie Cullen, Managing Director of Commercial Banking, will leave the bank at the end of January 2022, and thanked him for his long service. Mr Cullen, an Ulster Bank veteran who has been with the lender since 1993 was among its most senior executives responsible for lending to its biggest clients. "Looking to the next stages for the commercial bank, our binding agreement with AIB means that subject to the relevant approvals, most of our performing commercial loans will transfer to AIB next year.

Source: Irish Independent August 13, 2021 15:45 UTC