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Permanent TSB CEO to depart in 2020

Permanent TSB Group Holdings PLC CEO Jeremy Masding will leave the bank in 2020 after eight years in the role.

The effective date of Masding's departure has not yet been decided, the bank noted. Masding, who was appointed as CEO in 2012, will also step down as director of the lender.

The bank said it has started the process to select a new CEO and will announce further developments in due course.