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Finance Ireland CFO exits as lender's IPO plans shelved by Covid-19

O'Sullivan returns to Bank of Ireland after only six months

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Departure: Karena O’Sullivan

Departure: Karena O’Sullivan

Departure: Karena O’Sullivan

Finance Ireland chief financial officer Karena O'Sullivan is leaving the company in what sources say is a signal a planned 2020 stock market flotation has now been delayed indefinitely.

Formerly head of mortgages at Bank of Ireland, Ms O'Sullivan only joined Billy Kane's Finance Ireland in January as the firm put in place a team to manage a planned stock market listing. She is now returning to a senior job at Bank of Ireland.

The Finance Ireland initial public offering (IPO), tipped to raise €100m, was originally planned for May this year but the company and advisers Goodbody paused that timetable as the Covid-19 outbreak struck the economy and financial markets.