Bank of Ireland’s life and pensions boss steps down

The head of Bank of Ireland‘s New Ireland life and pensions unit is stepping down, The Sunday Business Post has learned. Sean Casey has been managing director of New Ireland since 2010 and has been succeeded on an interim basis by another Bank of Ireland executive Mick Sweeney. Staff in New Ireland were told of the unexpected departure on Wednesday. Bank of Ireland declined to comment on reason for Casey‘s exit as it‘s policy not to comment on personnel matter, but said the search for a full-time replacement will begin. New Ireland made a profit of €103 million last year, down from €133 million in 2014, the bank revealed last month. New business sales at the unit rose 9 per cent.