Francesca McDonagh leaves mixed legacy at Bank of Ireland as she heads for Credit Suisse

Outgoing chief executive’s performance examined under six key headings

Francesca McDonagh joined Bank of Ireland in October 2017 from HSBC. Picture: Naoise Culhane

Francesca McDonagh will step down as Bank of Ireland’s chief executive later this year after almost four-and-a-half years in the role.

The British banker joined in October 2017 from HSBC where her experience in managing major IT projects marked her out as a desirable candidate for a bank that was looking to a new era following as series of Irish banking controversies and the financial crisis.

McDonagh was tasked with revamping Bank of Ireland’s digital ...