Time for Francesca McDonagh to wield her power at Bank of Ireland

Time for Francesca McDonagh to wield her power at Bank of Ireland
Bank of Ireland chief executive, Francesca McDonagh Pic: RollingNews

The departure of Liam McLaughlin gives the bank’s group chief executive elbow room to reshape the top team. She must now maximise shareholder value ahead of future consolidation and takeovers

It was both a challenge and an opportunity for group chief executive designate Francesca McDonagh that when she arrived to take up the top role at Bank of Ireland, she would preside over a management team who had mostly had been at the top tier of the bank for a decade.

The two biggest profit centres of the bank – Retail Ireland and Bank of Ireland UK – were both occupied by executives who had...

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