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Thorburn ready to hand over reins

Crosbie to take temporary charge of Clydesdale until CEO arrives

Clydesdale BankClydesdale Bank chief operating officer Debbie Crosbie is to take over as acting chief executive from the end of the month until new boss David Duffy arrives later in the year.

Ms Crosbie will step up on 16 February, two weeks before David Thorburn leaves after four years in the job.

Tonight he said the appointment wold help with “a smooth transition in leadership ahead of the new CEO, David Duffy, arriving within the next few months”.

Mr Thorburn leaves on 28 February and presented his final first quarter results to the end of December showing “encouraging growth” across key retail product lines.

Clydesdale and Yorkshire, the UK subsidiaries of National Australia Bank, broke through £19 billion in residential mortgage lending for the first time, stating that this was ahead of the industry average.

It was also winning more customers than it has lost.

Mr Duffy, 53,  has been chief executive of Allied Irish Banks since December 2011. His appointment was announced on 19 January. No date has been set for his arrival in Glasgow.

 

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