IOM Today 16 May 14: Permanent Bank has new MD in the Isle of Man

Category: Newsflash

Permanent Bank International (PBI) has appointed Aidan Doherty to the role of managing director of its Isle of Man business.

 Barry Watts, chairman of PBI, said: ‘We’re delighted with Aidan Doherty’s appointment which comes at a very important strategic time in the growth of PBI, he is the perfect choice to lead PBI.

‘With Aidan’s appointment we are clearly demonstrating our commitment to the island and to our clients.

‘He brings a wealth of experience which will be an integral part in developing PBI as the preferred bank of choice in the Isle of Man.’

PBI has been established in the Isle of Man since 1994, and provides a range of international deposits accounts in Sterling and Euro.

Mr Doherty began his career with the Bank of Ireland Group in 1977, moving to the Isle of Man in 1984 where he continued his career with Bank of Ireland until 1994.

He then spent four years in the Cayman Islands in the private banking field, prior to his return to the Isle of Man in 1998 when he joined Singer & Friedlander (Isle of Man) Limited.

His 37 year career in financial services, 30 of those offshore, has provided him with an in-depth knowledge of the financial services industry, particularly with regards to the needs of offshore private clients.

Prior to joining PBI, Mr Doherty was the head of business banking with Barclays Bank in the Isle of Man.

Mr Doherty said: ‘I’m delighted to be joining PBI and looking forward to the strategic challenges and responsibilities that the role will bring.

‘PBI is a client focused bank and we’re very keen to build long-lasting client relationships.

‘I want to build on the bank’s already solid foundation and look forward to raising the profile of PBI internationally and enhancing the first class service we offer our clients.’

link to article here

Comment: You couldn't make it up could you? Mr Doherty is no doubt hoping this bank will turn out to be rather more "Permanent" than his last one.  For any reader in doubt, Aidan Doherty was the MD of Kaupthing, Singer & Friedlander when it collapsed in 2008 (a fact somehow overlooked in the press article). Interesting also that comments on the article appear to be "off" - not without reason I suspect!

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