Bernard Byrne has been appointed chief executive of stockbroker Davy.
Mr Byrne has been the interim CEO at the firm since March of last year.
He was appointed on a temporary basis following the resignation of then chief executive, Brian McKiernan, in the wake of the imposition of a €4.13m fine on the firm by the Central Bank.
Mr Byrne led the stabilisation of the business in the wake of the controversy which also resulted in several other senior executives leaving the company.
He also managed the firm through a subsequent sales process, which resulted in it being sold in a three-part deal worth over €600m.
It saw Bank of Ireland buy the capital markets and wealth management sections and Luxembourg-based investor services group IQ-EQ purchase Davy Global Fund Management.
AssetCo also bought Davy's shareholding in UK based Rize ETF for €19m.
The sales process is expected to be completed in the second half of this year.
In a statement, Davy said Mr Byrne’s appointment has received regulatory approval from the Central Bank under its Fitness and Probity Regime.
He joined Davy as Head of Capital Markets and Deputy Chief Executive in May of 2019.
Previously he served for four years as the chief executive of AIB and had also spent time as the bank’s head of retail operations and chief financial officer.
