According to the Ireland Independent, career banker Healy, 47, took over NIB as it was reeling from a series of reputational disasters in the wake of an overcharging and offshore account scandal. However, Healy who was Ireland's youngest ever bank chief executive -- stabilised the bank, introducing a strong ethical regime, helping to restore the bank's reputation. He was the first banker, when he became president of the Institute of Banking, to say that the banks needed to apologise for their role in the Irish economic crash. Healy was seen as one of the great banking innovators in Ireland, with NIB a pioneer in developing a highly effective online and mobile banking presence with the launch of a cutting-edge technology platform in 2006. The former RBS executive also pioneered cashless banking, which is a growing trend. He stood down from the bank in May 2012 as part of a group-wide restructuring, taking the decision to set up his own business. It is believed that Healy’s appointment will be announced during next month’s annual general meeting of BML.