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Bank of Ireland announces shakeup of senior execs

Bank of Ireland Group Plc announced a number of senior executive changes, including the appointment of a new head for Ireland retail business.

Group COO Lewis Love is leaving the bank to pursue other opportunities. Maureen Stanley will step in as interim group COO, subject to regulatory approvals.

The group named Gavin Kelly as CEO of its Retail Ireland division, subject to regulatory approval. Kelly, who currently serves as group chief information officer, will replace Liam McLoughlin, who stepped down in January.

Des Crowley, who stepped in as interim CEO of the division, will continue as CEO of Bank of Ireland (UK) Plc.

Michael Torpey, CEO of corporate and treasury, has decided to retire. As a result, Tom Hayes, CEO of corporate banking, will now join the group executive committee, while Sean Crowe, currently group treasurer, will take on a new role as CEO of markets and treasury and will remain a member of the group executive committee.

In addition, Peter Morris, chief governance and regulatory officer, will also retire. Vincent Mulvey will take on responsibilities for group legal, regulatory, conduct risk and compliance functions in addition to his current role as group chief risk officer.