Former BOI boss Francesca McDonagh to head up Universal Investment Group

McDonagh - who was pitted as a potential candidate for top NatWest job - to take reins of fund service platform in January

Francesca McDonagh: New Universal Investment Group chief departed from Credit Suisse role in September, citing new employment opportunities

Francesca McDonagh, the former chief executive of Bank of Ireland, has been hired to head up European fund service platform, Universal Investment Group.

McDonagh - who stood down from the embattled Credit Suisse in September - will take the reins as chief executive on 1 January 2025, replacing David Bulmer, who has run the company as interim chief executive for the past five months.

Bulmer, who said McDonagh was the “ideal person” for the role, ...