Advertisement

We need your help now

Support from readers like you keeps The Journal open.

You are visiting us because we have something you value. Independent, unbiased news that tells the truth. Advertising revenue goes some way to support our mission, but this year it has not been enough.

If you've seen value in our reporting, please contribute what you can, so we can continue to produce accurate and meaningful journalism. For everyone who needs it.

Alamy Stock Photo
BOI

Bank of Ireland names former chief financial officer as new CEO

Myles O’Grady has been named as the new CEO of Bank of Ireland, replacing interim incumbent Gavin Kelly.

BANKING VETERAN MYLES O’Grady has been named as the new CEO of Bank of Ireland, replacing interim incumbent Gavin Kelly.

O’Grady will officially take up the positions of Group Chief Executive Officer (CEO) and Executive Director on Thursday this week.

He previously served as Group Chief Financial Officer from January 2020 until March 2022 after joining in June 2019 as Director of Commercial Partnering for Ireland. He was also appointed Group Non-Executive Director at Bank of Ireland (UK) plc and New Ireland Assurance Company plc.

Before Bank of Ireland, he was Director of Finance & Investor Relations in the AIB Group and he held senior positions in Citibank and Dresdner Kleinwort Benson.

Until last month, he was the Chief Financial Officer of the Musgrave Group.

He was also a Director of the Irish Banking Culture Board. 

Bank of Ireland Chairman, Patrick Kennedy said that he is “delighted to welcome Myles back to Bank of Ireland as Group Chief Executive Officer”.

“Myles is an exceptional leader with a strong track record of delivery. The focus of the Board remains on the execution and delivery of the significant opportunities available to the Group,” Kennedy said.

“Myles’ appointment underlines the Board’s commitment to the ongoing successful execution of its existing strategy.”

He thanked Gavin Kelly for serving as Interim Chief Executive Officer, saying he “showed huge commitment and leadership during this period”.

“Gavin will work closely with Myles to support a smooth transition into the role of Group CEO and will remain a key member of the Group Executive Committee.”

A statement from the Bank of Ireland Group announcing the appointment said that “in a career of more than 30 years, Myles has worked nationally and internationally including in senior roles across retail, business and investment banking”.

“He has extensive local market knowledge and deep experience of working with a range of stakeholders including customers, colleagues, investors and regulatory authorities.

“He is also skilled in strategic development and delivery and played an integral role in the Davy and KBC portfolio acquisitions when he was Bank of Ireland Chief Financial Officer.”

Former CEO Francesca McDonagh announced in April that she would resign in September after holding the role since 2017.

Readers like you are keeping these stories free for everyone...
A mix of advertising and supporting contributions helps keep paywalls away from valuable information like this article. Over 5,000 readers like you have already stepped up and support us with a monthly payment or a once-off donation.

Your Voice
Readers Comments
4
This is YOUR comments community. Stay civil, stay constructive, stay on topic. Please familiarise yourself with our comments policy here before taking part.
Leave a Comment
    Submit a report
    Please help us understand how this comment violates our community guidelines.
    Thank you for the feedback
    Your feedback has been sent to our team for review.

    Leave a commentcancel