He was succeeded by Francesca McDonagh in October 2017, having taken on the role on 25 February 2009 from Brian Goggin, who resigned following the injection of Irish Government funds and the guarantee of deposits.
He was primarily educated at St George's College, a Catholic boarding school in Salisbury in Southern Rhodesia (now Harare in Zimbabwe).
Boucher accepted that Bank of Ireland was responsible for Minister for Finance Brian Lenihan putting '‘erroneous information'’ on the Dáil record to the effect that no performance-related bonuses were paid to staff.
[6] The following month a top civil servant accused Boucher of "hiding behind" words and misleading the government during a blazing row over the bonuses.
[7] There were heated exchanges at a November 2012 Oireachtas finance committee meeting as Boucher would not answer repeated questions, including how much debt the bank had written off on unsustainable mortgages.
Chairman Labour TD Ciarán Lynch said he was being 'minimalist' in his answers and added it was unacceptable for Boucher or any banker to hide behind some "opaque notion of commercial confidentiality.
[10] Subsequently, Labour TD Arthur Spring told Finance Minister Michael Noonan that he should seek the resignation of Boucher because his behaviour "could be damaging to the Bank of Ireland brand".
Speaking to Marian Finucane on RTÉ, Dunne recalled the days immediately after he agreed to purchase the Jury's site for €275m, which he planned to turn into the Knightsbridge of Ireland.
"[14] Accepting the appointment, Boucher said he was "very conscious of the current state of the financial services industry, the low opinion which the general public has of banks and the very difficult economic conditions that we face".
[17][18] Billionaire businessman Dermot Desmond, who was a substantial shareholder in the bank, wrote to all members of the board expressing his "dismay" at Boucher's appointment.
"Therefore [he] must have been responsible for fatal errors of judgment, including advancing loans to developers on the strength of overstated land values and insufficient security.
I am not in any way casting any aspersions on Mr Boucher's ability or integrity, but this is a missed opportunity to signal a new beginning in Irish banking", said spokeswoman on Finance, Joan Burton.
[21] Additionally, among other benefits, he has an annual car cash allowance of €34,000, and receives free tax advice in accordance with executive levels.