Permanent TSB has appointed Paul McCann as its interim chief financial officer, with immediate effect. 

Paul McCann is a former Managing Partner of Grant Thornton and is currently a senior partner in the firm's Financial Services Advisory Department. 

Mr McCann was Managing Partner of Grant Thornton for six years from 2012 to 2017. In recent years, he has taken an active role in Grant Thornton International, including acting as Global Head of Advisory.

Permanent TSB signalled plans to appoint an interim CFO earlier this summer and said it is continuing with a recruitment process for the role on a permanent basis. It said it will update the market as appropriate.

Permanent TSB's chief executive Eamonn Crowley said that Paul's knowledge and understanding of the business will be a huge asset to the bank.

"I look forward to working with Paul in the weeks and months ahead as we evolve our business and achieve our ambition of becoming Ireland's best personal and small business bank," Mr Crowley added.