Corporate Governance
Ulster Bank Ireland DAC
Ulster Bank Ireland DAC is committed to the highest standards of corporate governance, business integrity and professionalism in all its activities.
The Board is the principal decision-making forum for the company. It has overall responsibility for leading and controlling the company. Our Board approves the strategy and monitors performance. It has adopted a formal schedule of matters reserved for Board discussion that details key aspects of the company's affairs and this schedule is reviewed annually. The Board recognises the value of diversity and has issued a diversity statement.
Capital Requirements Directive (CRDIV)
The fourth Capital Requirements Directive (CRD IV) requires an institution such as Ulster Bank Ireland DAC to include a compliance statement on its website in relation to certain articles contained in the Directive. Find out how Ulster Bank Ireland DAC complies with the requirements relating to governance, remuneration and reporting.
Gerry Mallon – Chief Executive Officer
Gerry Mallon joined Ulster Bank in June 2016 as CEO of the bank in the Republic of Ireland. He previously held the role of CEO of Danske Bank in Northern Ireland. Prior to joining Danske, Gerry held a number of senior positions at Bank of Ireland.
Former President of the Institute of Banking, Gerry has just completed six years as Pro-Chancellor and Chairman of the Council of the University of Ulster. He is also a Board member and Chairman of the Irish Football Association.
Paul Stanley – Chief Finance Officer
Paul joined Ulster Bank from AIB in August 2013. Previously he was the Acting CFO for AIB and a member of its Leadership Team from 2011. In August 2015, Mr Stanley was Interim Chief Executive Officer from August 2015 to May 2016.
Des O’Shea - Chairman
Des was appointed to the Board of Ulster Bank Ireland DAC in November 2012 and was elected Chairman 2017. He is also a Non Executive Director of Byblos Bank S.A.L and Pepper Group Limited. In November 2011 he retired from GE Capital after 14 years during which he held a variety of senior roles including Chief Risk Officer, Chief Commercial Officer and Head of Mergers & Acquisitions for GE Money Europe which was GE Capital's largest, most successful and profitable business in Europe. In the period 2008-2011 he was responsible for GE's investments and partnerships in banks in high growth emerging markets such as Turkey, Thailand, Taiwan, Central America and Colombia and served on the Boards of these Banks. He also led a major divestment programme for GE Capital Global Banking.
In 1981-1991 Des worked for Ulster Investment Bank Limited in Corporate Banking and headed up its IFSC activities. He also worked with Woodchester Investments plc, Cambridge Group and Arthur Andersen. Des has a B.Comm Degree from UCC and is a Fellow of the Institute of Chartered Accountants.
Governance - Corporate Information | Ulster Bank
Rosemary Quinlan - Non Executive Director, Chair of the Risk Committee, Chair of the Performance & Remuneration Committee
Rosemary is an Independent Non Executive Director, with a career in Financial Services spanning 24 years. She is a Board Director since 2006. She is currently an INED with Ulster Bank Ireland DAC and is a member of the Risk and Audit Committees and chair of the UBID Remuneration Committee. She is also an INED with Royal Sun Alliance Insurance Ireland Limited and is a member of the Risk, Audit and Remuneration Committees, and chairs the Nominations Committee for this Board. During 2016, Rosemary joined the Boards of Prudential International Assurance plc and Dodge & Cox Worldwide Funds plc, as an INED. She was previously the Deputy CEO for HSBC Bank plc in Ireland and the CEO of HSBC Securities Services Ireland Limited. Prior to this, Rosemary held senior executive roles with ABN AMRO, Citigroup and NatWest Bank plc in the Netherlands, the United States and the United Kingdom.
Rosemary holds a BComm from University College Cork, has completed the Chartered Director Programme in Ireland and is a Certified Bank Director.
Martin Murphy – Non Executive Director, Chair of the Audit Committee
Martin Murphy was appointed as a Non Executive Director to the UBID Board in July 2016. In November 2016, he was appointed as Chairman of Hewlett Packard Enterprise Ireland, having previously been CEO.
In 2014, Martin was appointed as a board member to the National Treasury Management Agency and in 2013, was appointed to the chair of the Labour Market Council. He also serves as a board member of the UCD Smurfit Business School and is a former President of the Dublin Chamber of Commerce.
Senior Executive Committee Members
Gerry Mallon – Chief Executive Officer
Gerry Mallon joined Ulster Bank in June 2016 as CEO of the bank in the Republic of Ireland. He previously held the role of CEO of Danske Bank in Northern Ireland. Prior to joining Danske, Gerry held a number of senior positions at Bank of Ireland.
Former President of the Institute of Banking, Gerry has just completed six years as Pro-Chancellor and Chairman of the Council of the University of Ulster. He is also a Board member and Chairman of the Irish Football Association.
Paul Stanley – Chief Finance Officer
Paul joined Ulster Bank from AIB in August 2013. Previously he was the Acting CFO for AIB and a member of its Leadership Team from 2011. In August 2015, Mr Stanley was Interim Chief Executive Officer from August 2015 to May 2016.
Margot Lyons – Chief Risk Officer
Margot joined Ulster Bank from GE Financial Markets in Dublin, where she most recently held the position of Managing Director Risk Management for GE Financial Markets and Operational Risk Management Lead for GE Treasury.
Prior to this Margot held a number of senior positions at Nikko Principal Investments, Mizuho International and Nikko Europe Plc. A native of Republic of Ireland, Margot has a significant knowledge of the banking landscape in Ireland.
Chris Wilson – Director of Retail
Chris is a qualified Lawyer and joined Royal Bank of Scotland in 2004 with responsibility for property and purchasing strategy as well as the outsourcing of business processes.
Chris was previously Managing Director of Royal Bank of Scotland’s branch and Private banking network in Scotland with responsibility for over 200 branches across the country. After three years in this role he joined Ulster Bank’s Exco as MD for Retail Banking.
Eddie Cullen - Managing Director, Commercial Banking
Eddie was appointed to the role of Managing Director, Commercial Banking in May 2015. Before taking on his current role Eddie was Managing Director, Corporate & Institutional Banking for Ulster Bank. Eddie joined Ulster Bank in 1993 and served in a variety of roles. Prior to joining Ulster Bank, Eddie worked for KPMG specialising in Corporate Tax.
Ciaran Coyle – Chief Administration Officer
Ciarán was appointed to the role of Chief Administrative Officer in September 2015. Ciarán joined Ulster Bank from AIB in 2005 and worked in the Retail banking division before moving to Services where he held a number of senior leadership roles including the Head of Ulster Bank Change for three years.
Lynne Rennie Smith – Head of Human Resources
Lynne was appointed as Head of HR, Ulster Bank in June 2016. Prior to this, Lynne was Lead Consultant for the PBB HR Consultancy Practice. She was also the RBS HR lead for the programme to separate Ulster Bank Northern Ireland (NI) and the Republic of Ireland and integrate the NI businesses into their equivalent areas within RBS.
Before joining RBS, Lynne was a HR Business Partner with the Nationwide Building Society and prior to that she was Head of Human Resources for House of Fraser (Stores) Ltd.
Andrew Blair – Head of Problem Debt Management
Andrew joined Ulster Bank in December 1986 and spent 20 years of his career in customer facing Corporate & Commercial Banking roles. Andrew was appointed COO of Corporate Markets in 2008 and subsequently spent 7 years in Chief Credit Officer roles. Andrew was appointed Head of Problem Debt Management in early 2016.
