Bank of Ireland names HSBC retail bank executive as new CEO

DUBLIN (Reuters) – Bank of Ireland <BKIR.I> has appointed HSBC Holdings Plc <HSBA.L> executive Francesca McDonagh as its new chief executive officer and said she would succeed Richie Boucher who is to retire on October 2.
Boucher announced in March that he would retire before the end of the year after almost a decade in charge of the bank he guided from the brink of nationalisation to lead a revival across the sector.
McDonagh, 42, is currently the head of retail banking and wealth management, UK and Europe, for Europe’s biggest bank where she is responsible for all aspects of retail customer service, channels and products, Bank of Ireland said.
“I am very pleased we have been successful in attracting a person of the calibre and experience of Francesca. She has been with HSBC for 20 years, during which time she has held a number of senior leadership roles across seven different countries,” Bank of Ireland chairman Archie Kane said in a statement.

(Reporting by Padraic Halpin. Editing by Jane Merriman)