Bank of Ireland Global Markets announces further plans for International expansion

Bank of Ireland Global Markets today (Monday, 28 November 2005) announced further details of its growth strategy to double profits over five years and see 20% of revenues coming from new income streams. The elements of the strategy announced today include new teams and new international offices to further drive domestic and international growth.

Specifically, this includes:

Deirdre Flannery appointed Head of Global Customer Business
Deirdre Flannery joins the team as Head of Global Customer Business. Deirdre will be responsible for further developing and leveraging Global Market's highly successful Irish customer business as well as leading its international growth strategy.

Deirdre is a chartered accountant and joined the Bank of Ireland Group in 1990, from Ulster Investment Bank. She previously held a number of senior customer facing roles within the Group including Corporate Banking in both its domestic and international markets.

Peter Goshawk appointed Head of Global Markets - UK
As part of a major expansion into the UK, Global Markets has opened a new treasury operation in London. Peter Goshawk, formally Group Treasurer, Barclays Bank plc has been appointed Head of Global Markets UK and will be responsible for leading this major expansion into the UK. Peter has held a number of Executive positions within the Barclays Group and was involved in the formulation of Barclay's Group strategy and its execution.

In addition, Tom Turney and Phil Smith join the UK team from HSBC's successful trade finance business. They will drive Global Market's ambition to be a strong player in the UK trade finance market. Plans are also underway to recruit additional specialists and teams.

Set for expansion in US with recruitment of American Express team
As part of Global Market's targeted expansion in the US, Matt Porio and Darsh Mariyappa have joined the US team to drive very ambitious growth plans to deliver new revenue streams.

Matt Porio has over 17 years of global capital markets experience, and most recently was Head of Financial Markets Services at American Express New York. Previously Matt was one of three chief dealers and Head of Institutional Sales at Chase Manhattan.

Darsh Mariyappa has over 15 years global capital markets experience, and most recently was Global Head of Interest Rate and Emerging Market products at American Express New York. Prior to that he was Head of Asia Treasury and Global Head of Trading at Fleet Boston Financial, Boston and Singapore.

Commenting on the latest phase of Global Market's growth strategy, Mick Sweeney, Chief Executive, Bank of Ireland Global Markets said:
"Our business continues to grow and expand across international boundaries. We are a customer-focused business and are delighted to have attracted this high calibre group of professionals. Their depth of skills and experience will add considerable momentum to our ambitious domestic and global expansion plans, which in our current five year plan will see us double profits over five years, and see 20% of revenues coming from new income streams."

Ends.

Further Information:
Anne Mathews Media Relations Manager, Corporate Communications, Bank of Ireland Group, Tel: 01 604 3836