Anglo Irish Bank Corp., the lender nationalized earlier this year, said Declan Quilligan stepped down as chief operating officer as part of changes relating to the bank’s state ownership.
Quilligan will resume his role as head of Anglo Irish’s U.K. business, the Dublin-based lender said today in a statement.
The changes will bring the board structure “in line with other state-owned entities” where there is a chairman, non-executive directors, and one executive director, the chief executive officer, Anglo Irish said.
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