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Has there ever been a better time to be AIB chief executive? Cantillon: Give or take the absence of bonuses, bank boss has reasons to be cheerful
Sat, May 15, 2021, 05:36
Colin Hunt: AIB chief executive expects “a strong recovery as the economy reopens and the rollout of vaccines gathers momentum”. Photograph: Nick Bradshaw
There might be no sign of a return to executive bonuses but, otherwise, there are several reasons for AIB chief executive Colin Hunt to be cheerful.
In a trading statement issued last week, the Irish bank said it returned to profitability in the first quarter of this year after a bumpy ride in 2020 due to the impact of Covid-19 on the economy.
Irish Life parent circles Dublin-based Standard Life International European Life Group also bidding to take over both Standard Life and Ark Life
Fri, May 7, 2021, 05:06
Nigel Dunne, chief executive of Standard Life International, with then-chief executive David Nish in 2011. Photograph: Marc O’Sullivan
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Irish Life’s Canadian parent, Great-West Lifeco, is one of two bidders vying to take over Dublin-based Standard Life International and Ark Life, according to sources.
The businesses are being sold by London-listed insurance services company Phoenix Group and are grouped together under the umbrella name of Phoenix Europe. The other final bidder in the process is European Life Group (ELG), an affiliate of San Francisco-based investment firm Sixth Street. The value of the bids are not known.