John Hourican
John Patrick Hourican | |
|---|---|
| Born | July 24, 1970 Dublin, Ireland |
| Occupation | Banking executive |
| Years active | 1990s–present |
| Known for | CEO of NewDay, former CEO of Bank of Cyprus, former executive at Royal Bank of Scotland |
John Patrick Hourican (born 24 July 1970) is a prominent Irish executive in the banking sector, currently serving as CEO of NewDay since September 2019. Previously, he held the position of CEO at the Bank of Cyprus from 2013 until 2019.
Early life and education
Originating from Dublin, Hourican grew up with two brothers and three sisters. He completed his undergraduate studies in Economics and Sociology at the National University of Ireland and later obtained a postgraduate diploma in Accounting from Dublin City University.
Career
Hourican launched his professional journey as an accountant with Price Waterhouse, working across offices in Dublin, London, and Hong Kong. In 1997, he transitioned to the Royal Bank of Scotland. Following RBS’s acquisition of ABN Amro, he advanced to the role of CFO by 2007. He was promoted in 2008 to lead global banking and markets as chief executive, a post he held until February 2013. His resignation came amid RBS’s £390 million penalty connected to the Libor scandal, a move made to "take responsibility," despite no direct personal involvement.
In 2013, Hourican assumed the CEO role at Bank of Cyprus, where he oversaw a major turnaround that included shedding one-third of the bank’s toxic loan portfolio, orchestrating a compulsory acquisition of Cyprus Popular Bank, and securing €5 billion in fresh deposits. Although he initially stepped down in April 2015 citing "personal reasons," he agreed to extend his tenure through September 2019.
In March 2019, Hourican was appointed as CEO of NewDay, replacing James Corcoran and officially commencing his duties in September that year.
Distinctions
- Recognized as a Fellow by Chartered Accountants Ireland
Personal life
Hourican is married to Rioghnach, and together they have four children.