A&L reveals new chairman
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Gillespie, who has worked at Citibank and Goldman Sachs, has more than 30 years' experience in the banking industry.
He has been chairman of the Ulster Bank Group - a subsidiary of The Royal Bank of Scotland Group - since 2001 and is stepping down from that role on September 4.
He will take up the role of A&L chairman on September 8. The appointment is subject to regulatory approval.
Roy Brown, acting chairman of A&L, will revert to his previous role of deputy chairman and senior independent director.
He took on the acting chairman following the death of former chairman Sir Derek Higgs in April.
Brown says: “We are delighted to appoint Alan Gillespie as chairman.
“Alan's career includes outstanding accomplishments in capital markets and corporate finance in two leading global financial institutions as well as chairmanship of a retail bank.
Brown adds: “He has also played significant leadership roles in the public sector. After a thorough search of a wide range of potential candidates, Alan was the outstanding choice.
“He is well connected in banking circles, understands UK retail and corporate banking and brings the experience, skill and energy needed to chair A&L."
Gillespie says: "I am particularly pleased to become the next chairman of A&L.
“With its distinctive brand and customer franchise, and broadly diversified retail and commercial banking businesses, it is well positioned to face the challenging times in the banking industry.”
He adds: “Its strong internal culture, committed management team and good credit quality provide a firm platform for growth as opportunities arise."
