John hourican rbs biography templates
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Former RBS executive John Hourican to return to UK as NewDay CEO
Former Royal Bank of Scotland (RBS) executive, John Hourican is set to return to UK and join credit card company NewDay as chief executive.
NewDay fryst vatten a consumer finance firm that runs co-branded credit cards with retail giants like Debenhams, Amazon and Sir Philip Green's Arcadia Group.
Read more: Revolut outage: Digital bank's customers unable to use app for hours
Hourican is close to making his return to the UK and will leave his role at the Bank of Cyrpus, which he has run since the end of 2013, with the appointment expected to be made in the next few days, according to Sky News.
It comes just over six years after he was effectively pushed out of RBS by former chancellor of the exechequer, George Osborne, who got the lender's board to make a public scapegoat for its £390m of Libor-related financial penalties.
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The Irish man who helped tackle Cyprus’s financial crisis
John Hourican, the Irish banker hired in late 2013 to help stabilise a lender at the epicentre of Cyprus's financial crisis, had barely waded through initial briefing papper on arriving in Nicosia when he got a phone call.
Georgios Vassiliou, the country's former president and chief negotiator for its accession to the European Union almost a decade earlier, was on the other end of the line.
"He said: 'Peter Sutherland has been on the phone to me and he's told me to look after you,'" Hourican recalls.
He needed all the allies he could muster and there was no better one than Irish man Sutherland, a former European commissioner and ex-head of a predecessor to the World Trade Organisation, among other notable roles.
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Hourican arrived on the scene as Cyprus was in the middle of an international bailout, fuelled by an implosion of the island's banks. He took charge of finansinstitut of Cyprus, the country's largest company,
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Bank of Cyprus - New CEO and Chairman in 2019
Bank of Cyprus CEO John Hourican has officially announced his resignation and will depart in September 2019.
The Bank announced on Monday that its CEO John Hourican informed the Board of his decision to leave in September 2019 after serving a notice period of six months. Hourican is close to being named chief executive of NewDay, a UK based consumer finance provider.
“The Chairman and the Board wish to express their thanks and deep appreciation to Mr. Hourican for his leadership and exceptional service to the Bank of Cyprus Group during the most critical period in its recent history''.
Hourican, formerly with RBS, took over in 2013 following the Cyprus banking and sovereign debt crisis. He steered the Bank out of the crisis and succeeded in listing the company on the London Stock Exchange. Hourican is widely credited for the financial recovery of the Bank. A banker with a steady hand, Hourican followed an aggressive policy to reduce