IRELAND - The chief executive of the Bank of Ireland’s Asset Management Services arm, Brian Goggin, has been named group chief executive after Mike Soden resigned last week.

“He takes up his appointment immediately,” the bank said in a statement.

Bank governor Lawrence Crowley said: “Brian Goggin has the breadth of experience and leadership qualities to take the Bank of Ireland forward at this challenging time.”

“I and my fellow directors are confident that Brian has the skills, experience and personal attributes to lead Bank of Ireland to further achievements.”

Goggin will continue to head asset management services until a new candidate is found, the bank said. He joined the bank in 1969 and has held top management roles in the US, the UK and Ireland. He became CEO if asset management services in April 2003.

He said: “In accepting this appointment I am committed to driving the group forward in all our business divisions.”

Soden resigned after it emerged he had visited adult internet sites.