KBC appoints Frank Jansen to oversee exit as Ireland CEO

KBC Bank has appointed Frank Jansen as CEO of the bank’s Irish operations, a move that will see him oversee the exit from the market, a move expected to happen later this year.

The KBC Group Executive Committee announced the appointment on Thursday with immediate effect. Mr Jansen was previously the Chief Financial & Product Officer (CFPO) of KBC Bank Ireland.

The appointment has been approved by the European Central Bank and the Central Bank of Ireland.

He replaces Aleš Blažek, who was head of KBC Ireland before being appointed head of the Belgian bank’s Czech unit in March.

KBC Bank Ireland Chairman Peter Andronov Frank Jansen’s experience means he is well placed to ensure a smooth implementation of the bank’s now legally binding agreement to sell a large part of its Irish loan book to Bank of Ireland and the bank’s orderly exit from the Irish to ensure market.

On April 29, KBC backed out on what was originally an aggressive timeframe that would have given its roughly 130,000 current account customers here just 90 days to close their accounts as part of the exit. The notice period has now been extended to six months.

This comes just days after KBC, along with Ulster Bank, were warned by regulators that they will be discouraged from exiting the market if there are no substitute banking services for their customers.

The central bank told the exiting banks that it plans to step up oversight over the planned exits, which represent a massive upheaval in financial services.

https://www.independent.ie/business/irish/kbc-names-frank-jansen-to-oversee-exit-as-ireland-ceo-41618576.html KBC appoints Frank Jansen to oversee exit as Ireland CEO

Fry Electronics Team

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