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Deutsche Bank names new head of Irish operations

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Deutsche Bank names new head of Irish operations

Deutsche Bank AG appointed Mary Campbell to head its operations in Ireland, replacing Fiona Gallagher, who left to lead Wells Fargo & Co.'s Ireland-based Wells Fargo Bank International Unlimited Co. unit, The Irish Times reported Oct. 21.

Campbell, who has held multiple global roles at the German lender, took over the role earlier in October, the publication said. She will continue to be responsible for the company's corporate and investment banking operations in 19 locations across Europe, the Middle East and Africa, in tandem with her new role, according to the newspaper.

Campbell's appointment comes amid ongoing restructuring at the bank, which will see it eliminate about 18,000 jobs. However, sources told the newspaper that job losses in Ireland would be minimal.

According to media reports from the week of Oct. 7, Deutsche Bank will focus almost half the job cuts on its operations in Germany, while its British operations will also be heavily impacted, partly because of Brexit.

The bank employs about 750 people in Ireland, the report said.