AIB Group has appointed Jim Pettigrew as a non-executive Director and Chair of the board after a selection process.

Mr Pettigrew will join the AIB Board and the bank's nomination and corporate governance committee with immediate effect.

Currently Chair of BlueBay Asset Management, Chair of Dundee Heritage Trust and Chair of Scottish Ballet, during his career he was also Chair of Scottish Financial Services, the Scottish financial services trade body.

He also served as co-chair of Scotland's Financial Services Advisory Board (FiSAB) with the First Minister of Scotland and is a former President of the Institute of Chartered Accountants of Scotland.

He recently retired as Chair of Virgin Money and CYBG (Clydesdale Bank) after overseeing the bank's demerger from National Australia Bank Group, its IPO and acquisition of Virgin Money.

Brendan McDonagh, AIB's Deputy Chair, said Mr Pettigrew brings a wealth of experience to AIB including in retail banking which, combined with his track record of providing clear strategic direction and vision at both the executive management and board levels, will enable him to make a very significant contribution to the board and the group over the coming years.