NI Economist for Ulster Bank

10th Apr 2007

Ulster Bank has appointed a new Northern Ireland economist. Richard Ramsey joins the bank following 10 years in the public sector - including spells as Principal Economist at the Department of Enterprise, Trade and Investment and with Invest NI. He will provide analysis and commentary on all aspects of the local economy,to the Bank's staff and customers.

Ulster Bank Chief Economist, Pat McArdle, says that Mr Ramsey brings a wealth of knowledge and understanding to the post.

"The Northern Ireland economy has moved to centre stage in terms of the local media and political agenda as the debate continues to simmer with regard to corporation tax, a special local economic package and other issues such as affordable housing and the Review of Public Administration. We look forward to contributing to the discussion on these and other issues through Richard, whose vast knowledge and understanding of the workings of economy will be a huge asset to us internally and externally," Mr McArdle says.

A graduate of Loughborough University with a BSc in Economics and Human Geography and an MSc in European Economics and Finance, Mr Ramsey is a native of Magherafelt, where he attended Rainey Endowed School. He has a keen interest in sport and represented Northern Ireland in athletics. He is a former Northern Ireland and Ireland senior pole vault champion.

Based at Ulster Bank's Belfast headquarters, Mr Ramsey will be part of the Group Economics team.

-ENDS-

About Ulster Bank Group

Ulster Bank Group is a wholly owned subsidiary of The Royal Bank of Scotland (RBS) Group, one of the world's largest banking groups in the world. RBS employs 145,000 people of which 6,380 work for the Ulster Bank Group.

Following the acquisition of First Active in January 2004, and together with Ulster Bank, the enlarged Ulster Bank Group consists of 272 branches, 32 Business Centres, more than 1.7 million customers and over 1000 ATM's.

Ulster Bank Group received an 02 ability Award in February 2006 for the second year running. This was awarded for demonstrating innovative best practice in the employment of people with disabilities.*

*The O2 ability award programme has been designed and created by the Aisling Foundation and organised in partnership with access ability. It is the very first Irish business award for the best practice in the employment of people with disabilities.