Bank of Ireland restructures senior management team

Bank of Ireland today announced changes to its senior management team.

It has promoted Des Crowley from chief executive of retail financial services Ireland to chief executive of UK financial services.

Richie Boucher, currently chief executive in corporate banking, will replace Crowley as chief executive of RFSI and will also join the group executive committee.

These changes take place with effect from January 1 2006. Roy Keenan, chief executive of UKFS, concludes his secondment on December 31 2005. He will work on a number of group projects, based in Dublin, with the group chief executive, Brian Goggin, in Q1 of 2006 and will retire on March 31 2006.

Goggin says: “I am delighted to announce the appointment of Des and Richie to their new roles. I wish them every success and I am confident that both will bring great energy and leadership to our growth strategies in our core markets in Ireland and the UK.

“Crowley has led a major programme of change in our retail business in Ireland, growing market share against stiffening competition, transforming our sales effectiveness model, refocusing our business banking offering and building Irelands largest retail bank into a formidable customer-focused business.

“Boucher, who joined us in December 2003 from Royal Bank of Scotland, has implemented a significant restructuring of our corporate banking business, adding significant revenue earning capability and spearheading our niche international growth strategy.

“I would like to take this opportunity to pay tribute to Roy Keenan. Our business in the UK has been transformed under his leadership and contributes 28% of group profits. Since his secondment as chief executive UK FS in March 2003 Roy has implemented a significant restructuring in that market. This included the disposal of non-performing businesses, a business improvement programme that is delivering significant efficiencies and a clear focus on our core business in the UK that is poised for growth.”