Paris based CEO appointed Chief Executive of Bank of Ireland Asset Management

Bank of Ireland Group announces the appointment of Kevin Dolan as Chief Executive of Bank of Ireland Asset Management and the Asset Management Services (AMS) Division of the Group, with effect from January 1, 2005.

Kevin is currently President and Chief Executive Officer with LCF Rothschild Private Equity Partners, the Paris based, private equity arm of Rothschild. From 2001 to 2004 he was Chief Executive Officer of LCF Rothschild Asset Management, where he was responsible for the growth of their European asset management business. Prior to that he was Deputy Chief Executive Officer at Axa Investment Managers, the global investment management operation with more than €300 billion in assets under management.

Commenting on Kevin's appointment as Chief Executive of BIAM, Brian Goggin, Bank of Ireland Group Chief Executive, said: "Following an extensive international and domestic search, we are delighted to have attracted someone of Kevin Dolan's calibre to the role. BIAM is a very valuable Group asset with a significant global footprint and we have ambitious long-term goals for the business. Kevin joins BIAM at a time of considerable challenge - I have every confidence that together with the excellent team in BIAM, he will provide the leadership and vision required to drive the business going forward."

Ends

Thursday, November 11, 2004

John O'Donovan
Group Chief Financial Officer
353 1 632 2054

Fiona Ross
Head of Group Investor Relations
353 1 604 3501

Dan Loughrey
Head of Group Corporate Communications
353 1 604 3833

Bernadette Godley
Head of Marketing & Communications, BIAM
353 1 637 8000

About the AMS Division

The AMS division is comprised of Bank of Ireland Asset Management, Bank of Ireland Securities Services and Iridian Asset Management.