Central Bank of Ireland announces Director appointments in Markets Supervision and Financial Stability

The Central Bank of Ireland, who has duties not only as the central bank of the country but also as primary regulator overseeing Ireland’s financial industry today announced three appointments at Director level.

The appointments are as follows:

Michael Hodson has been appointed to the role of Director of Asset Management Supervision, with effect from January 1, 2017. Michael has worked with the Central Bank since 2011 and has held a number of Head of Division roles within the Markets Directorate where he led the stockbroking team and SMSD.

He is currently Head of Investment Firms and Funds Services Division. Prior to joining the Bank he worked in Finance Director and Chief Operations roles in the Irish stockbroking industry and was a founding shareholder of Merrion Capital.

Mary O’Dea has been appointed to the role of Director of Securities and Markets Supervision effective from September 2017. She is currently Ireland’s representative at the World Bank and has held the position of Senior Advisor focusing especially on Europe and Central Asia development issues since 2014.

Prior to her appointment to the World Bank she held the role of Alternate Executive Director, International Monetary Fund from 2011. Mary previously held a number of director roles in the Central Bank, including Director of Financial Operations, Consumer Director and acting Chief Executive of the Financial Regulator.

In the interim, Grainne McEvoy, Head of Securities and Markets Supervision, has been appointed acting Director of Securities and Markets Supervision with effect from January 1, 2017.

The current Director of Financial Operations, Maurice McGuire has been appointed as Director of Financial Stability. He will take over this portfolio from July 1, 2017. Prior to his current role, Maurice previously served as Director of Economic Services and Financial Stability and has held a number of senior roles at the Bank including roles in monetary policy and international relations.

Philip R. Lane, 11th Governor of the Central Bank of Ireland

Announcing these appointments Central Bank Governor Phillip Lane said:

We are pleased to announce these senior appointments to key positions today. Together these directors bring a wealth of national and international experience in regulation and central banking to these portfolios and we look forward to working with them deliver our mandate in markets supervision and financial stability.

The Governor also indicated that the interim Director of Corporate Affairs and Resolution, John Coyle, is not seeking a long-term appointment in the Bank. The Central Bank will continue its search for a Director of Corporate Affairs. Pending the conclusion of the recruitment, John Coyle will remain in this role to enable an orderly transition and will continue to manage his current portfolio of Resolution and Corporate Affairs into the first half of 2017.

The position of Director of Financial Operations will be advertised in due course.

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