Internal memo confirms that ex-BOI chief Francesca McDonagh is leaving Credit Suisse

The memo said she had ‘quickly made an impact in a very short period of time’

McDonagh joined Credit Suisse a year ago. Picture: Naoise Culhane

Francesca McDonagh, the former Bank of Ireland chief executive, is leaving her role at Credit Suisse, according to reports, having joined the firm a year ago as chief operations officer.

UBS completed a takeover of Credit Suisse in June.

McDonagh’s exit from the bank, which was announced this morning, was first reported in the Financial Times. The report added that she had agreed to join another company as CEO next January.

In an internal memo ...