Wednesday 16 October 2019

BoI's Keating on move to job outside banking

Andrew Keating, group chief financial officer of Bank of Ireland
Andrew Keating, group chief financial officer of Bank of Ireland
Donal O'Donovan

Donal O'Donovan

Bank of Ireland's chief financial officer (CFO) Andrew Keating is to leave the bank for a job with an international organisation outside the financial services sector.

Mr Keating has been CFO and a member of the board since 2012, and was seen as a potential successor to Richie Boucher as CEO until the appointment of Francesca McDonagh in 2017.

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He is expected to leave the bank by the end of this year, and a process to appoint his successor will now commence, the bank said.

Francesca McDonagh and Bank of Ireland chairman Patrick Kennedy both paid tribute to Mr Keating.

"Over the past seven years Andrew has demonstrated a strong track record of successful financial leadership. He has built a market leading finance function within the group and has shown exceptional commitment in his role as CFO," Francesca McDonagh said.

Patrick Kennedy said Mr Keating was a key member of the team that saw Bank of Ireland repay its state bailout in 2014.

Irish Independent

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