I suspect he'll be the guy who "deleverages" (read downsizes) the balance sheet. By the time they (a) sell the US book, (b) sell the UK book and (c) do the NAMA transfer , Anglo will be a shadow of its former self.
However he will also have to do the day to day interface with the various enquiries that are going on there and deal with the army of lawyers that must be around.
He won't be short of things to do........
Originally Posted by mmrebel
Not at all, yes you are right I know nothing about him and I am sure he is a fine fella. I was just pointing out the massive difference in financial services regulation here compared to Australia, which I am sure as CEO of a bank (albeit a state owned bank) he will find interesting.
Quimby can't be trusted-Vote Sideshow Bob for Mayor
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This lad was behind some very questionable investment decisions is aussieland?
Took me a while to find the connection between Aynsley's previous employer - Asian Development Bank - and Lenny.
I'm guessing he didn't send his CV in but got a phonecall instead. Those kind of hires usually don't rock the boat
Asian Development Bank & Ireland (see page 3)
We all love animals. Why do we call some 'pets' and others 'dinner'?
What is the man's SALARY?
Where does the man LIVE?
Does the man have 24 HOUR SECURITY as part of the package?
Will the mans job not be 'an orderly wind down' of Anglo?
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[COLOR=red]€500,000[/COLOR] Max as per Government guidelines. I stand to be corrected though. If I remember correctly, the banks were resisting the limits of pay and sought legal advice. I don't know what the outcame was?
Source:
Bankers ordered to cap salary at €500,000 - National News, Frontpage - Independent.ie
If only...
At least he'd be well qualified to cook the books!
It will take years to wind down the alternative is to go buy one of these.
According to today's Tribune (Business Supplement):
Soden plays kingmaker role in Anglo top job. Ousted former BOI chief passed on Australian Mike Aynsley's CV.
Soden, who worked with Aynsley at National Australia Bank (NAB) and in London at Hoare Govett, when the broker was owned by Security Pacific, told the Sunday Tribune that he passed on Aynsley's CV
We all love animals. Why do we call some 'pets' and others 'dinner'?
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