Former CEO of Irish National Bank appointed new BML chief

The country’s national bank, Bank of Maldives (BML) has hired Andrew Healy, the former Chief Executive Officer (CEO) of National Irish Bank (NIB) as new chief executive of the bank.

The Irish Independent states that Healy, 47, stabilised the NIB after taking over the bank in the wake of an overcharging and offshore account scandal, a series if disasters that dropped the bank’s of reputation to one of the least trusted banks in Ireland.

Healy was selected from over 100 applicants interviewed for the job. The BML board of directors described him "an experienced and very capable individual", to lead the next phase of the bank's strategic development.

The former NIB executive is expected to take over as the new CEO of BML during sometime this month. Former BML chief Peter Horton resigned in August after a two-year term. After a long bout of losses, BML recorded a MVR 500 million profit in 2012 and distributed dividends in 2013.