Francesca McDonagh Moves to Credit Suisse Group
27th April 2022
Francesca McDonagh is stepping down as Bank of Ireland Chief Executive. She joined the Group in October 2017 as CEO having worked for HSBC for many years in a number of roles spanning various countries.
Bank of Ireland chairman Patrick Kennedy hailed Francesca McDonagh as an exceptional chief executive with ambition and commitment and said: “The impact of Francesca’s many achievements will live long beyond her time at the bank.”
On October 1st, Francesca will take the reigns as CEO EMEA region of Credit Suisse Group from Francesco De Ferrari, CEO of the Wealth Management division, who has held this position on an ad interim basis since January 2022.
Francesca, who will be based in Zurich, will also join the Executive Board, reporting directly to Group CEO Thomas Gottstein.
Commenting on her recent resignation, Minister for Finance, Pascal Donoghue stated: “Bank of Ireland has prospered under Ms McDonagh’s leadership ensuring that the Bank continued to play its role as a vital supporter of economic growth and jobs in Ireland. She was instrumental in driving a change in culture within the Bank, seeing through the IT transformation programme, and also played a key role in helping customers and the country navigate their way through the recent Covid-19 crisis.
I would like to thank Ms McDonagh for her commitment and professionalism throughout her time in Bank of Ireland and wish her every success in the future”.