Permanent TSB Group Holdings plc announced that Mike Frawley, the Group's Chief Risk Officer and Board Executive Director has informed the Company of his intention to leave the Bank in the coming months to take on a new role in Irish financial services. In accordance with the Bank's existing governance arrangements, Mr. Frawley will step down from the Board with immediate effect. Mr. Frawley joined the Board in October 2019 following his appointment as Chief Risk Officer in December 2018.

Prior to joining Permanent TSB, Mr. Frawley spent 19 years with HSBC.