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Bank of Ireland loses its CEO to Credit Suisse

  • McDonagh’s exit follows CFO’s departure earlier in year
  • CEO had publicly criticized pay caps on Irish bankers
Updated on

Bank of Ireland Group Plc. said Chief Executive Officer Francesca McDonagh will leave her post in September, in an announcement coming just weeks after the company’s chief financial officer exited the lender. 

McDonagh, who has held the position since 2017, will take over as Credit Suisse CEO for the EMEA region in October. A process to appoint a successor will now begin, Bank of Ireland said in a statement late Tuesday.