Banking

Francesca McDonagh appointed COO of Credit Suisse

Outgoing Bank of Ireland chief will support recently appointed chief executive, Ulrich Koerner, in the steering and strategic development of the group

The new appointments are the first decisive moves by Koerner, who replaced Thomas Gottstein this month, and signal he’s not afraid to undo decisions made by his predecessors.

Credit Suisse Group has named outgoing Bank of Ireland chief executive, Francesca McDonagh, as group chief operating officer from September 19.

McDonagh, who announced she was stepping down from her role earlier this year to join the global investment bank, was previously announced as CEO of the EMEA region. In her new role, she will support recently appointed chief executive, Ulrich Koerner, in the steering and strategic development of the group, including operational and cost ...