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AIB names head of private banking

Allied IrishBanks Plc named David McLaughlin head of its private banking unit,effective later in 2016, the SundayIndependent of Ireland reported Oct. 10.

McLaughlin previously headed Royal Bank of Canada's Irish private banking offering,according to the report. His new role entails increasing the 99.8% state-ownedbank's fee income as it seeks to improve returns ahead of its planned reprivatization.