Business Irish

Tuesday 21 August 2018

Kelly appointed CEO of Retail for Bank of Ireland as personnel changes continue

Bank of Ireland CEO Francesca McDonagh
Bank of Ireland CEO Francesca McDonagh
Ellie Donnelly

Ellie Donnelly

Bank of Ireland has announced the appointment of Gavin Kelly as head of its Retail Ireland division.

In the new role Mr Kelly, who has been with the bank for 11 years, will oversee the provision of banking products and related financial services to personal, business and wealth management customers including deposits, mortgages, consumer and business lending, credit cards, and commercial finance.

Mr Kelly replaces Liam McLoughlin, who announced his departure in January.

Meanwhile, the bank has also announced that its chief executive of corporate and treasury, Michael Torpey, and its chief governance and regulatory officer Peter Morris, are to retire this summer.

While, after more than 40 years in Bank of Ireland, Peter Morris has also decided to retire in the summer. Vincent Mulvey will continue as group chief risk officer at the bank, but with additional responsibilities for group legal, regulatory, conduct risk and compliance functions.

Finally, Lewis Love, the bank’s chief operating officer has informed the bank of his decision to leave the bank "to spend more time with his family, travel and to pursue other opportunities", the bank said in a statement today.

Mr Love rejoined the bank in 2016.

Maureen Stanley will take up the position of group chief operating officer on an interim basis.

In addition, the bank has announced a number of changes at Group Executive Committee (GEC) level. These changes “will ensure that the GEC is structured in the best possible way to achieve the Group’s ambition, purpose and transformation,” the bank said.

Tom Hayes will retain the position of chief executive of corporate banking and will now join the GEC.

Sean Crowe – currently the bank's group treasurer – will take on a new role as chief executive of markets and treasury, and will continue to be a member of the GEC.

Discussing the changes, Francesca McDonagh, Bank of Ireland CEO, said that she wanted to congratulate Gavin Kelly on his appointment as CEO of Retail Ireland.

In addition Ms McDonagh said that she wished to thank those leaving the bank, and wish them very well for the future, as well as congratulate those who have expanded roles.

"These changes announced today will ensure that my team is structured in the best possible way to achieve the group’s ambition, reflect its purpose and support its transformation," Ms McDonagh said.

Earlier this year the bank announced that Archie Kane will stand down as chairman later this year.

The changes to personnel at the bank follows last year’s succession process when long-time CEO Richie Boucher was replaced by British-born HSBC executive Ms McDonagh.

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