Corrigan to take over at helm of Irish debt agency

DUBLIN Nov 18 (Reuters) - Michael Somers will retire on Dec. 3 as head of Ireland's debt agency after leading the National Treasury Management Agency (NTMA) since its inception in 1990, the NTMA said, confirming what a source told Reuters last week.

John Corrigan, head of the National Pensions Reserve Fund operating within the NTMA, will replace Somers, who will in turn become deputy chairman of Allied Irish Banks (ALBK.I). (Reporting by Andras Gergely)