New Bank of Ireland Corporate and Markets Division headed by Gavin Kelly will have a team of more than 1,100 serving all businesses including SMEs and larger national and international corporations.
Bank of Ireland is expanding Corporate and Markets to include Business Banking, previously part of the Retail Ireland Division.
Gavin Kelly has been appointed CEO of the Corporate and Markets Division.
“This new structure allows us to do two key things – offer a one-stop shop for businesses at all stages of their development, and build our own business at home and abroad”
This change will bring Bank of Ireland’s business and corporate banking into one centralised structure, with a team of more than 1,100 dedicated to serving a wide range of SMEs and larger national and international corporations.
The division also includes wholesale financial markets services, specialised acquisition finance, and property lending activities. Across the entire footprint of the Group – Ireland, the UK, France, Germany, Spain, and the US – Corporate and Markets has total customer lending of more than €27 billion.
Skill and experience
“I am delighted to announce Gavin Kelly as the new CEO of an expanded Corporate and Markets Division,” said Bank of Ireland CEO Myles O’Grady. “Gavin brings a wealth of skill and experience to this role, and this will be invaluable to this important part of our business in the years ahead.
“Our aims for our Corporate and Markets business are to strongly support our customers, help grow the domestic economy, and enhance Ireland’s position as a business leader on the world stage. In doing this, we will also strengthen Bank of Ireland’s domestic and international position in business and corporate banking.”
The Bank of Ireland Corporate and Markets Division includes more than 1,100 colleagues, of which approximately 150 are spread across Britain, France, Germany, Spain and the US. The expanded Division includes Ireland’s leading corporate banking services across property, aviation, energy, Semi-State and Government lending, combined with acquisition finance, treasury, markets and FX services.
The division also includes a wide range of domestic business lending and a sectors team which specialist knowledge in agri, healthcare, hospitality, retail, property, motor, and technology.
Kelly has most recently served as chief executive of the Retail Ireland Division of Bank of Ireland. He also served as interim group chief executive from September to November 2022.
“Many of our Business and Corporate customers are at the heart of the Irish economy,” said Kelly.
“They count amongst them some of the most recognised and successful Irish business internationally. And they include international clients served from our footprint across the UK, EU, and US.
“We want to help all of our customers make progress, so they can start, grow and expand their business wherever they are based. As a leading Irish financial services company with a strong international footprint, we also want to harness the potential of our team to the fullest. This new structure allows us to do two key things – offer a one-stop shop for businesses at all stages of their development, and build our own business at home and abroad.”
Main image at top: Gavin Kelly, CEO of the Corporate and Markets Division, Bank of Ireland