KBC Ireland names Barry D’Arcy as chief risk officer

KBC Bank Ireland has appointed Barry D'Arcy as its chief risk and compliance officer.

Mr D'Arcy had been director of finance at the Irish unit of the Belgian bank-insurance giant since 2013, having previously worked for Irish Bank Resolution Corporation, Intel and Kerry Group.

The accountant succeeds Luc Cool, who had been with the KBC Group for more than two decades before taking on the KBC Bank Ireland chief risk officer position two years ago. Mr Cool left the group this year to join Amret MFI, a Cambodian micro-finance institution, according to his LinkedIn profile.

KBC Group reaffirmed its commitment to Ireland earlier this year, drawing a line under two years of speculation about the bank’s plans for the unit in Dublin.

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"We congratulate Barry on his new role with KBC," said KBC Bank Ireland chief executive Wim Verbraeken. "He brings a wealth of experience to the role and will be invaluable in ensuring that KBC manages and develops the risk and compliance side of our business as we grow in Ireland."