Bank of Ireland's board has selected the group's former chief financial officer Myles O'Grady to become its next chief executive, just months after he left the lender.
This is according to the Irish Times today, who cited unnamed sources in its report.
Francesca McDonagh, who was named chief operating officer at Credit Suisse last week, announced in April that she would step down as Bank of Ireland CEO, around the same time Mr O'Grady left to join Irish food group Musgrave.
The bank, Ireland's largest by assets, blamed state-imposed curbs on bankers' pay and bonuses for O'Grady's exit.
His appointment as CEO is subject to gaining regulatory clearance from the European Central Bank and Central Bank here, the Irish Times said.
A spokesperson for Bank of Ireland said the bank would not comment on the report as the process was ongoing.
Shares in the bank moved higher in Dublin trade today.
