DUBLIN—Bank of Ireland blamed state-imposed curbs on bankers pay and bonuses for the announcement on Monday that Chief Financial Officer Myles O'Grady would leave the bank for a role outside the financial sector.
Ireland capped executive pay at 500,000 euros ($552,300) a year during the euro zone’s costliest banking rescue more than a decade ago. It banned all forms of variable pay and fringe benefits for even junior bank staff, restrictions lenders complain impedes them in attracting and retaining talent.
