TORONTO, June 22 /CNW/ - Allied Irish Banks, p.l.c. (AIB) has established
a lending branch in Toronto, Ontario, having received final regulatory
approvals from the Irish and Canadian authorities.
Part of the AIB Corporate Banking North America business unit, the Canada
Branch reflects the significant ongoing expansion of the business which, since
its inception in 2000, has also established offices in New York, Los Angeles,
Houston and Dublin.
The new branch will engage in three areas of corporate lending across
- Energy and Project Finance;
- Real Estate;
- Leveraged Finance.
Daniel Simunac and Andy Shao have been hired to work in the Real Estate
and Leveraged Finance sectors respectively. Rana Toukan has also joined to
work on Energy and Project Finance transactions, reporting to Chris Gifford.
In July, Tony O'Reilly will transfer from AIB's New York branch to head
Corporate and Leveraged Finance activity in Canada.
Chris Gifford, Vice President and Principal Officer of the branch, said,
"AIB is very happy to be closer to current and future clients and partner
institutions in Canada. Establishing a branch to conduct banking business in
Canada, rather than from our other locations, underlines AIB's commitment to
expanding into key centres where our experience and approach can add value to
the local market."
Notes for Editors
AIB Corporate Banking North America
In 2000, AIB commenced development of its capital markets banking
activities in North America. Rapid growth has been experienced through to
2007. The key focus of activity is on:
- Asset Based Lending and Leveraged Transactions (New York, Los Angeles
- Corporate and Institutional Lending (New York and Toronto)
- Structured, Energy and Utilities (New York, Houston, Toronto)
- Real Estate (New York, Los Angeles and Toronto)
- Speciality Sector Lending (New York and Los Angeles)
Professionals working from the New York, Houston, Los Angeles - and now
Toronto - offices are supported by a substantial team based in Dublin and have
full access to the resources and underwriting strength of the AIB Group.
Allied Irish Banks, p.l.c.
Allied Irish Banks, p.l.c. (AIB) is Ireland's leading banking and
financial services organization. It operates principally in Ireland, Britain,
Poland and North America and employs more than 24,000 people worldwide in more
than 780 outlets. The Group operates through four main Divisions: AIB Bank
(Republic of Ireland), AIB Bank (Great Britain and Northern Ireland), AIB
Poland and AIB Capital Markets.
AIB's dominant business strategy is to develop mutually rewarding
customer relationships offering high quality banking advice, services and
products. Relationship banking and investment management businesses account
for more than 90% of AIB's activity.
AIB has maintained an active presence in North America since the
mid-1970s. Currently, in addition to its Treasury and not-for-profit sector
businesses, AIB also has a 23.5% stake in M&T Bank, one of the top regional
banks in the US.
AIB shares and depositary receipts are quoted on the Irish, London and
New York stock exchanges.
For further information:
For further information: Paul Carey, Managing Director of AIB Corporate
Banking North America, (212) 515-6755, email@example.com; Chris Gifford,
Vice President and Principal Officer, Canada Branch, (416) 850-2191,