|Born||John Patrick Hourican
24 July 1970
|Title||CEO of Bank of Cyprus|
|Term||October 2013–February 2018|
John Patrick Hourican (born 24 July 1970) is an Irish banker, chief executive officer (CEO) of the Bank of Cyprus, the country's largest bank and component of the FTSE/Athex 20 index, since October 2013.
Early life and education
Hourican was born in Dublin, and has two brothers and three sisters. Hourican graduated with a degree in Economics and Sociology from the National University of Ireland and a postgraduate diploma in Accounting from Dublin City University.
Hourican was chief executive of Markets and International Banking for the Royal Bank of Scotland Group plc until 28 February 2013. Hourican quit to "demonstrate responsibility", following RBS's £390 million fine for its involvement in the Libor scandal, although he was not personally implicated. The Independent noted that Hourican "fell on his sword" and that "the City wondered if he could recover his career", but added "it had never been alleged that the head of RBS's investment bank knew about the collusion". They also noted that by comparison with RBS, "fixing" Bank of Cyprus would be "straightforward". In an interview, he gave himself three to five years to rescue the bank.
On 21 April 2015, it was announced that Hourican had resigned for "personal reasons", and would work his four-month notice period. He later decided to extend his contract until February 2018.
Hourican and his wife Rioghnach have four children, two boys and two girls.
- "Saturday profile: Hourican forces his way into Hester's plans". The Scotsman. 2008-11-21. Retrieved 11 April 2014.
- "John Patrick Hourican". Businessweek. Retrieved 11 April 2014.
- "Bank of Cyprus appoints new CEO (updated)". Cyprus Mail. 2013-10-22. Retrieved 11 April 2014.
- Treanor, Jill (22 October 2013). "Former Royal Bank of Scotland executive to head Bank of Cyprus". The Guardian. Retrieved 11 April 2014.
- Kochan, Nick (20 December 2013). "John Hourican: The $1 trillion was our main worry, not Libor fixing". The Independent. Retrieved 27 April 2014.
- "Bank of Cyprus CEO John Hourican resigns citing personal reasons". Economictimes. 21 April 2015. Retrieved 21 April 2015.