Wednesday 20 February 2019

Bank of Ireland's UK boss to retire

Stock photo: Getty Images
Stock photo: Getty Images
Ellie Donnelly

Ellie Donnelly

Des Crowley, the chief executive of Bank of Ireland's UK arm, is to retire next year.

Mr Crowley, who has spent more than 30 years working for the bank, was appointed CEO of Bank of Ireland UK in 2012. Prior to that appointment he served as CEO of retail banking in Ireland.

Previously a chairman of Post Office Financial Services, Mr Crowley is a director of First Rate Exchange Services, the foreign exchange joint venture between Bank of Ireland UK and the UK Post Office.

He is also a director of New Ireland Assurance.

Francesca McDonagh, Bank of Ireland Group CEO, said: "On behalf of the group, I would like to thank Des for his exceptional contribution, dedication and professionalism and I look forward to continuing to work closely with him in the period ahead."

Pending his retirement next year, Mr Crowley will continue in his role as a member of the group executive committee leading the implementation of the bank's strategic agenda in the UK.

Recruitment for his replacement will commence immediately.

As at May this year, Bank of Ireland UK had a balance sheet of £23bn (€26.18bn) and about 2.2 million customers.

It trades mainly in consumer markets such as deposits, mortgages, pre-paid debit cards, foreign exchange, and personal credit cards. It provides banking services for the post office network in Britain.

A number of other senior executives have recently departed the bank - including the now former head of retail in Ireland, Liam McLoughlin.

Irish Independent

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