Myles O’Grady Returns as Bank of Ireland CEO

Bank of Ireland has appointed Myles O’Grady as its next chief executive, marking a swift return for the former chief financial officer. The appointment, confirmed on Monday, comes just months after O’Grady left the lender Reuters, inkl.

O’Grady’s Previous Role and Return

Prior to this appointment, O’Grady served as Bank of Ireland’s chief financial officer. His return to the CEO position signals a strategic move by the bank’s board. The Irish Times on LinkedIn reported the confirmation of his appointment.

Strategic Outlook and Loan Book Growth

In a recent strategy update, O’Grady outlined a target for the group to grow its loan book by 4% annually through 2028 The Irish Times. He as well shared insights on wealth trends, noting “on a grand scale, intergenerational wealth” is being observed The Irish Times.

AI’s Impact on Bank of Ireland

O’Grady has publicly discussed the role of artificial intelligence (AI) within Bank of Ireland, viewing it as a double-edged sword. He believes AI offers benefits in terms of cost reduction but acknowledges potential challenges to revenue generation The Irish Times.