Banking veteran Miles O’Grady has been named as the new CEO of Bank of Ireland, replacing interim incumbent Gavin Kelly.
O’Grady will officially take up the positions of Group Chief Executive Officer (CEO) and Executive Director on Thursday this week.
He previously served as Group Chief Financial Officer from January 2020 until March 2022 after joining in June 2019 as Director of Commercial Partnering for Ireland. He was also appointed Group Non-Executive Director at Bank of Ireland (UK) plc and New Ireland Assurance Company plc.
Prior to joining Bank of Ireland, he served as the AIB Group's Director of Finance and Investor Relations and held key positions at Citibank and Dresdner Kleinwort Benson.
He served as the Musgrave Group's chief financial officer up until last month.
He served as the Irish Banking Culture Board's Director as well.
"I am happy to welcome Myles back to Bank of Ireland as Group Chief Executive Officer," stated Patrick Kennedy, Chairman of Bank of Ireland.
"Myles is a superb leader with a proven track record of performance. According to Kennedy, the Board's attention is still primarily on the implementation and delivery of the significant opportunities available to the Group.
The Board's commitment to continuing the successful implementation of its current strategy is underscored by Myles' appointment.
He expressed gratitude to Gavin Kelly for filling in as interim CEO and said that Kelly "showed enormous passion and leadership over this period."
Gavin will collaborate closely with Myles to ensure a smooth transition into the position of Group CEO and will continue to play a significant role in the GEC.
"In a career spanning more than 30 years, Myles has worked domestically and internationally including in top roles in retail, business, and investment banking," the Bank of Ireland Group said in a statement announcing the appointment.
"He has in-depth expertise working with a variety of stakeholders, including clients, coworkers, investors, and regulatory authorities. He also has significant understanding of the local market.
When he served as the Chief Financial Officer of the Bank of Ireland, he was instrumental in the purchases of the Davy and KBC portfolios. He is highly adept in strategic creation and delivery.
After serving as CEO since 2017, Francesca McDonagh declared in April that she will step down in September.
