Bill Kyle is to be appointed CEO of Irish Life once its acquisition by Canadian firm Great-West Lifeco is complete.

Mr Kyle will replace Kevin Murphy, who previously announced his retirement from the company having worked there for 42 years.

Great-West, which is the parent company of Canada Life, agreed to buy Irish Life from the State in February for €1.3 billion.

The acquisition is expected to be approved in the coming weeks, at which point Mr Kyle will formally take up his new role.

Mr Kyle, who is a native of Canada, has worked with Great-West and its subsidiaries for 34 years.