The Board is collectively responsible for the long-term, sustainable success of the AIB Group and ensuring that there is a clear and cohesive corporate governance structure in place. The Board comprises the Chair, Independent Non-Executive Directors and Executive Directors.
According to the Board, the appropriate number of Directors to meet the requirements of the business is between 10 and 14; the core minimum and maximum may be exceeded temporarily, from time to time, to facilitate succession and to provide overlap between new and retiring Directors.
The Chair leads the Board, setting its agenda, ensuring Directors receive adequate, accurate and timely information, facilitating the effective contribution of the Non- Executive Directors, ensuring the proper induction of new Directors, the on-going training and development of all Directors, and reviewing the performance of individual Directors. The role of the Chair is separate from the role of the CEO, with clearly-defined responsibilities attaching to each; these are set out in writing and agreed by the Board.
- Deputy Chair
The Deputy Chair, who may be appointed from time to time, deputises in the absence of the Chair. The Deputy Chair would assume the role of the Chair for Board meetings and other tasks as required from time to time.
- Senior Independent Director
The Senior Independent Director (“SID”), acts as a conduit for the views of shareholders and is available as an alternate point of contact to address any concerns or issues they feel have not been adequately dealt with through the usual channels of communication. The SID also leads the annual review of the Chair’s performance and succession planning for the Chair’s role. The SID attends meetings with major shareholders to listen to their views in order to develop a balanced understanding of the issues of concern to them.
- Independent Non-Executive Directors
As an integral component of the Board, Independent Non-Executive Directors represent a key layer of oversight of the activities of the Group. In their role, Independent Non-Executive Directors scrutinise the performance of management in their objectives and monitor their reporting on performance. They bring an independent viewpoint to the deliberations of the Board that is objective and independent of the activities of the management and of the Group. They constructively challenge and help develop proposals on strategy and other key matters.
- Executive Directors
Executive Directors have executive functions in the Group in addition to their Board duties. The role of Executive Directors, led by the CEO, is to propose strategies to the Board and, following challenging Board scrutiny, to execute the agreed strategies to the highest possible standards.
Biographies and Committee Memberships
Jim Pettigrew, Non-Executive Director and Chair
Background & Experience: Jim has over thirty years’ experience in UK and international financial services leadership in public, listed and private company environments, including at board level, as CEO and as Chair. During his career he has worked with a number of the UK’s top entrepreneurs and business leaders on complex business transformations and IPOs. He was Chair of Scottish Financial Services, the Scottish financial services trade body. He also served as Co-Chair of Scotland’s Financial Services Advisory Board (FiSAB) with the First Minister of Scotland and is a former President of the Institute of Chartered Accountants of Scotland. In 2020, he retired as Chair of Virgin Money and CYBG plc (Clydesdale Bank) having overseen the bank’s successful demerger from National Australia Bank Group, its IPO and acquisition of Virgin Money. He has built considerable non-executive experience over the past ten years across retail, wholesale and investment banking, asset and wealth management and the insurance sectors. He is currently Chair of BlueBay Asset Management, Chair of Dundee Heritage Trust and Chair of Scottish Ballet.
Committee membership(s): Member of Nomination and Corporate Governance & Remuneration Committees
Brendan McDonagh, Independent Non-Executive Director and Deputy Chair
Background & Experience: Brendan started his banking career with HSBC in 1979, working across Asia, Europe and North America, where he held various roles such as Group Managing Director for HSBC Holdings Inc, membership of the HSBC Group Management Board, and CEO of HSBC North America Holdings Inc. Brendan is a former Director of Ireland’s National Treasury Management Agency. He was previously the Executive Chairman of Bank of N.T. Butterfield & Son Limited. Brendan was appointed Deputy Chair with effect from 24 October 2019.
Committee membership(s): Chair of the Board Risk Committee, member of the Board Audit Committee, Nomination and Corporate Governance Committee and Remuneration Committee.
Carolan Lennon, Senior Independent Director
Background & Experience: Prior to her current role of CEO of Eir, Carolan held a variety of executive roles in Eir Limited, including Managing Director of Open Eir and Acting Managing Director Consumer and Chief Commercial Officer. Prior to joining Eir, she held a number of senior roles in Vodafone Ireland, including Consumer Director and Marketing Director. Carolan is a former Non-Executive Director of the DIT Foundation and the Irish Management Institute. Carolan was appointed Senior Independent Director with effect from 29 April 2020.
Committee membership(s): Sustainable Business Advisory Committee and Nomination and Corporate Governance Committee
Anik Chaumartin - Independent Non-Executive Director
Background & Experience: Anik has over 37 years’ international and professional services experience. She has been a partner in PricewaterhouseCoopers (”PwC”) in Paris for 27 years, and held various leadership positions in the firm for 15 of those years. During her time in PwC she has acted in the roles of Global Client Relationship Partner and Lead Audit Partner for a number of major banking and financial services organisations. Anik currently serves as Chair of the Banking Committee of the Compagnie Nationale des Commissaires aux Comptes (the French Statutory Auditors’ Institute) and is a Non-Executive Director of ALD Automotive, a subsidiary of Société Générale.
Committee Membership(s): Board Audit Committee
Basil Geoghegan – Independent Non-Executive Director
Background & Experience: Basil is a partner in the Strategic Advisory Group at PJT Partners, in London. Previously Basil was a Managing Director at Goldman Sachs, Deutsche Bank and Citigroup in London and New York. He has broad M&A, corporate finance and strategic advisory experience in the US, UK, Ireland and internationally. He qualified as a solicitor with Slaughter and May. Basil is Chairman of daa plc and Patron of The Ireland Fund of Great Britain. He holds an LLB from Trinity College, Dublin and an LLM from European University Institute.
Committee membership(s): Board Risk Committee
Tanya Horgan - Independent Non-Executive Director
Background & Experience:
Tanya is a Chartered Accountant with extensive industry-based experience in the areas of compliance, internal audit and risk management and has over twenty years’ experience in publicly listed companies. Ms Horgan trained and qualified with PricewaterhouseCoopers. She has since held roles in a number of organisations including Tesco, Mercury Engineering, Paddy Power Betfair plc and, most recently, was the Group Chief Risk Officer of Flutter Entertainment plc. She has a B.Comm in Accounting from University College Cork.
Committee Membership(s): Board Risk Committee, Technology & Data Advisory Committee
Sandy Kinney Pritchard – Independent Non-Executive Director
Background & Experience: Sandy is a University College Dublin graduate, with a distinguished career across the financial services industry. She is an accountant who previously was a senior partner at PricewaterhouseCoopers LLP and has held a number of Non-Executive Directorship roles, including at Irish Life and Permanent Plc, Skipton Building Society, the FSCS, TSB Bank Plc and MBNA Ltd.
Committee membership(s): Chair of the Board Audit Committee & member of the Board Risk Committee
Elaine MacLean – Independent Non-Executive Director
Background & Experience: Elaine is a highly experienced human resources director specialising in financial services and retail. Following her early retail career with roles at Harrods, Windsmoor and later as Retail Operations Director and Human Resources Director with Arcadia, Elaine moved to financial services culminating in her appointment as Group Human Resources Director for Legal and General plc in 2006. Elaine holds an MA in English Literature and Psychology from the University of Glasgow.
Committee membership(s): Chair of both the Remuneration Committee and the Nomination and Corporate Governance Committee
Andy Maguire - Independent Non-Executive Director
Appointed: 15 March 2021
Background & Experience: Andy has extensive financial services experience spanning thirty-five years, including sixteen years with the Boston Consulting Group where he rose to become Managing Partner of the London office covering the UK and Ireland, prior to which he held several global roles including Global Head of Retail Banking. From 2014 to 2020, Andy was the Group Chief Operating Officer for HSBC Holdings plc with responsibility for operations, technology, real estate, change and transformation and operational resilience. He is currently the Chair of Thought Machine, a core banking technology company. He holds a BAI from Trinity College Dublin.
Committee Membership(s): Board Risk Committee and Technology and Data Advisory Committee
Helen Normoyle – Independent Non-Executive Director
Background & Experience: Helen is a highly experienced marketeer with 30 years’ experience in consumer marketing and market research across a range of sectors and geographies. A graduate of the University of Limerick, she started her career with Infratest+GfK, based in Germany. From there she moved to Motorola, where she held a range of roles including Director of Global Consumer Insights and Product Marketing and Director of Marketing. After working in broadcast and telecoms regulation at Ofcom as the Director of Market Research, she held Marketing Director and Chief Marketing Officer roles at the BBC, DFS, Countrywide and Boots, where she was also the Chair and Director of the Boots Charitable Trust. Helen is the co-founder of My Menopause Centre.
Committee membership(s): Chair of the Sustainable Business Advisory Committee, member of the Nomination and Corporate Governance Committee and the Technology and Data Advisory Committee.
Ann O’Brien – Independent Non-Executive Director
Background & Experience: Ann has over 30 years’ experience in the financial services industry. A graduate of both UCD and later Trinity College Dublin, Ann has led complex management consulting engagements at many of the world's largest global banking and securities organisations. Her most recent role was as a Principal with Deloitte in New York where she was based for 10 years. Ann was appointed under the the relationship between the Minister for Finance and AIB Group.
Committee membership(s): Chair of the Technology and Data Advisory Committee and member of the Board Audit Committee, Remuneration Committee and Sustainable Business Advisory Committee.
Fergal O'Dwyer – Independent Non-Executive Director
Background & Experience: Fergal is a Chartered Accountant with significant experience in financial management, treasury, strategy, capital deployment and development. Fergal retired in 2020 from DCC plc, the Irish headquartered international sales, marketing and business support services group which is a FTSE100 constituent company, where he began as an Associate Director, later progressing to Chief Financial Officer in 1992, and Executive Director in 2000. Prior to working in DCC, he worked in PwC and KPMG. Fergal is a Non-Executive Director and Chair of the Audit Committee of APB Food Group. He is also a board member Focus Ireland and Focus Housing Association – two independent charitable companies.
Committee membership(s): Board Audit Committee.
Jan Sijbrand - Independent Non-Executive Director
Background & Experience:
Jan has had an extensive executive career including roles in Royal Dutch Shell PLC, Rabobank Nederland, ABN AMRO Holding N.V. and NIBC Bank N.V. and was a Member of the Executive Board and Chairman for Supervision at De Nederlandsche Bank N.V. (the central bank of the Netherlands). He is currently a member of the Supervisory Board and Chair of the Public Interest Committee of PricewaterhouseCoopers (“PwC”) Nederland and joined the Global Board of PwC in June 2021. Jan has an MSc in Applied Mathematics and a PhD in Mathematics, both from the University of Utrecht.
Committee Membership(s): Board Risk Committee
Raj Singh – Independent Non-Executive Director
Background & Experience: Raj has 36 years’ business, risk and governance experience gained in large and complex global listed financial services organisations with the last 20 years at the executive committee level as Group Chief Risk Officer. He has served as a Non-Executive Director of a national credit bureau and two listed financial institutions as well as many of the banking, insurance, reinsurance and asset management subsidiaries of those firms. Raj was appointed to AIB as a Non-Executive Director under the Relationship Framework between the Irish Minister of Finance and AIB Group. In addition to AIB, Raj serves as a Non-Executive director on two other listed financial service companies.
Committee membership(s): Board Risk Committee and Sustainable Business Advisory Committee.
Colin Hunt – Chief Executive Officer & Executive Director
Appointed to the Board: 08/03/2019
Background & Experience: In March 2019, Colin was appointed Chief Executive Officer. He joined AIB in August 2016 as Managing Director, Wholesale, Institutional & Corporate Banking. Prior to joining AIB, he was Managing Director at Macquarie Capital in Ireland. Previously, he was a Policy Adviser at the Departments of Transport and Finance, Research Director at Goodbody Stockbrokers, Head of Trading Research at Bank of Ireland Group Treasury and a country risk analyst at NatWest. He has a PhD in Economics from Trinity College, Dublin.
Donal Galvin – Chief Financial Officer & Executive Director
Appointed to the Board: 28/05/2021
Background & Experience: Donal joined AIB as Group Treasurer in September 2013 and was appointed to the role of Chief Financial Officer in March 2019. Donal was appointed as an Executive Director to the Board of AIB in May 2021. Donal has gained significant experience working in domestic and international financial markets over the last twenty five years. Prior to joining AIB, Donal held a number of senior executive roles including Managing Director in Mizuho Securities Asia, Managing Director in Dutch Rabobank and Treasurer of Rabobank International.