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Bank of Ireland names former finance chief O'Grady as CEO

Published 14/11/2022, 08:09
© Reuters. FILE PHOTO: A man walks past a Bank of Ireland ATM outside a branch of the Bank of Ireland in Dublin, Ireland, March 1, 2021. REUTERS/Clodagh Kilcoyne
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DUBLIN (Reuters) - Bank of Ireland named former chief financial officer Myles O'Grady as chief executive on Monday, only months after he left the lender.

Ireland's largest bank by assets said O'Grady would formally take take up the role on Thursday, replacing Credit Suisse-bound Francesca McDonagh.

O'Grady had left the bank in March to join Irish food group Musgrave in a move that Bank of Ireland blamed on state-imposed curbs on banker pay and bonuses.

© Reuters. FILE PHOTO: A man walks past a Bank of Ireland ATM outside a branch of the Bank of Ireland in Dublin, Ireland, March 1, 2021. REUTERS/Clodagh Kilcoyne

The Irish Times reported in August that O'Grady was set to return as CEO.

O'Grady earlier held posts at AIB Group, Citibank and Dresdner Kleinwort Benson.

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