Banking

BoI’s McDonagh lobbied Donohoe to lift constraints on banking pay

The outgoing Bank of Ireland chief executive met the Minister for Finance earlier this year to ‘highlight the impact of current remuneration restrictions’

Francesca McDonagh, the outgoing Bank of Ireland chief executive, has been lobbying Paschal Donohoe about lifting the bankers’ pay cap to fill key vacancies.

Francesca McDonagh, the outgoing Bank of Ireland chief executive, has been lobbying Paschal Donohoe about lifting the bankers’ pay cap to fill key vacancies.

Two of BoI’s senior management roles are being covered by interim holders, and the bank will also need to to find a replacement for McDonagh herself when she leaves in September.

According to the Lobbying Register, McDonagh met the Minister for Finance earlier this year to “highlight the impact of current ...