BANK of Ireland director and the chief executive of its group corporate and treasury division, Mr Michael Meagher, is to take early retirement from the bank at the end of August.
Mr Meagher (54) is retiring "to pursue non executive interests", according to a statement from the bank. Mr Brian Goggin, currently general manager area east, is to become chief executive of the corporate and treasury division.
In addition the group has announced the appointment of Mr Michael Connolly as general manager with responsibility for international and commercial finance. Mr Connolly has been specifically charged with achieving "a better focus on business and commercial banking in the branch banking network".
Through his focus on business banking, Mr Connolly will take over responsibility for International Banking, Bank of Ireland Commercial Finance, First Rate Bureau de Change, Bank of Ireland International services and the enterprise banking functions including the Enterprise Support Unit.
Mr Paddy Murphy, who was chief executive of the bank's First New Hampshire operations until the merger with Citizen Financial Group, replaces Mr Goggin as general manager area east. In other appointments the general manager of the retail credit operations, Mr Malachy Murphy, has been promoted to general manager of group credit control. Mr Murphy replaces Mr Connolly who previously had responsibility for group credit control.
Mr John Collins, general manager for assurance and retail businesses, who recently took over responsibility for Lifetime assurance, will focus on personal banking. He will be responsible for Bank of Ireland Finance, Credit Card Services, Premier Direct Insurance and the recently announced full service Direct Bank. Mr Meagher is leaving Bank of Ireland after thirteen years service. He joined the group as a managing director in 1983 and became group financial officer in 1988. He has been chief executive of the corporate and treasury division since 1991.
Mr Meagher who was involved in developing the bank's businesses in the International Financial Services Centre will continue to have an advisory role.
