herald

Monday 11 December 2017

Controversial banker for AIB

A BANKER who outraged mortgage holders over his stance on interest rate cuts is Brian Lenihan's first choice for the top job at AIB.

David Hodgkinson, former chief operating officer at HSBC, had insisted Bank of England rate cuts would not necessarily be passed on to borrowers. The comments, made in 2008, angered then UK prime minister Gordon Brown and the public. Mr Lenihan has now reportedly decided Mr Hodgkinson is his preferred choice for the executive chairman's position at AIB. However, it is believed Mr Hodgkinson has yet to sign a contract with the National Treasury Management Agency, which is overseeing the appointment search.

Reports today said AIB's board has yet to approve the appointment of Mr Hodgkinson.

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