Irish Life & Permanent has appointed Kevin Murphy, a longstanding employee of the group's life assurance business, as group chief executive, the company said today.
Denis Casey and two other executives, finance director Peter Fitzpatrick and treasury unit head David Gantly, left Irish Life in February after facilitating deposit transfers with the now nationalised Anglo Irish Bank.
Mr Murphy (57), an actuary by profession, has worked with the Irish Life unit since 1972 and led the group's fund management arm Irish Life Investment Managers between 1993 and 2005. He was appointed to the group's board in 1999.
"Since February of this year he has managed the day-to-day operation of the group alongside Chairman Gillian Bowler pending the conclusion of this selection process," Irish Life & Permanent said in a statement.
Agencies