October 1, 2022

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O’Grady to return to Financial institution of Eire as CEO – Irish Occasions

DUBLIN (Reuters) – Financial institution of Eire’s board has chosen the group’s former chief monetary...

DUBLIN (Reuters) – Financial institution of Eire’s board has chosen the group’s former chief monetary officer Myles O’Grady to turn into its subsequent chief govt, simply months after he left the lender, the Irish Occasions reported on Tuesday, citing unnamed sources.

Francesca McDonagh, who was named chief working officer at Credit score Suisse final week, introduced in April that she would step down as Financial institution of Eire CEO, across the identical time O’Grady left to hitch Irish meals group Musgrave.

The financial institution, Eire’s largest by belongings, blamed state-imposed curbs on bankers’ pay and bonuses for O’Grady’s exit.

His appointment as CEO is topic to gaining regulatory clearance from the European Central Financial institution and Irish Central Financial institution, the Irish Occasions mentioned.

A spokesperson for Financial institution of Eire mentioned the financial institution wouldn’t touch upon the report as the method was ongoing.

 

(Reporting by Padraic Halpin; Modifying by Kirsten Donovan)

 

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