Our Senior Team - Bios

Gabriel Makhlouf, Governor

Gabriel Makhlouf

Gabriel Makhlouf took up his position as Governor of the Central Bank of Ireland on 1 September 2019. He chairs the Central Bank Commission, is a member of the Governing Council of the European Central Bank, a member of the European Systemic Risk Board, and is Ireland's Alternate Governor at the International Monetary Fund. 

Before joining the Central Bank Gabriel was Secretary to the New Zealand Treasury and the Government's chief economic and financial adviser from 2011 to 2019. During his time as Secretary, he led reviews of New Zealand's three macroeconomic pillars (monetary, financial stability and fiscal policy) and the development of a new framework for the development of economic and public policy focused on intergenerational wellbeing. In addition Gabriel was New Zealand's Alternate Governor at the World Bank, Asian Infrastructure Investment Bank, Asian Development Bank and the European Bank for Reconstruction and Development.  He was also co-chair of the Trans-Tasman Banking Council.

Previously Gabriel worked in the UK civil service where his roles ranged from policy on domestic and international tax issues through to large-scale operational delivery. He has also chaired the OECD’s Committee on Fiscal Affairs and was responsible for the UK's Government Banking Service.

Sharon Donnery, Deputy Governor, Central Banking

Sharon Donnery

Sharon was appointed to the position of Deputy Governor, Central Banking with effect from 1 March 2016. She is an ex officio member of the Central Bank Commission and the Governor's Alternate on the Governing Council of the European Central Bank (ECB). Sharon held the position of Acting Governor of the Central Bank of Ireland from 1 June 2019 to 31 August 2019. She is the Chair of the ECB Budget Committee (BuCom) having been appointed by the ECB Governing Council in December 2016.

Sharon previously served as the Central Bank of Ireland's representative at the European Systemic Risk Board (ESRB) and Alternate Member of the Supervisory Board of the Single Supervisory Mechanism (SSM). She has previously chaired a number of European Committees including being Chair of the SSM High Level Group on Non-Performing Loans (NPLs), Chair of the European Banking Authority's (EBA) Consumer Protection Group and Vice-Chair of the EBA Standing Committee on Consumer Protection and Financial Innovation.

Sharon joined the Central Bank in 1996 as an Economist in the Monetary Policy Division and has held a range of senior positions as head of division. From February 2013 to August 2014, she held the statutory position of Registrar of Credit Unions and from April 2014 to May 2016 was Director of Credit Institutions.

Sharon holds a B.A. in Economics and Politics and a M.A. in Economics from University College Dublin and a Diploma in Company Direction from the Institute of Directors.

Ed Sibley, Deputy Governor, Prudential Regulation

Ed Sibley

Ed Sibley was appointed Deputy Governor, Prudential Regulation on 1 September 2017. He is an ex-officio Member of the Central Bank Commission and is also a member of the Supervisory Board of the Single Supervisory Mechanism (SSM). As Deputy Governor, Prudential Regulation, Ed is responsible for leading the supervision of credit institutions, insurance firms and the asset management industry.

Prior to this appointment, he was Director of Credit Institutions Supervision, responsible for overseeing the Central Bank's supervisory work for all banks and credit unions operating in Ireland. He joined the Central Bank in 2012 in the Banking Supervision area. Ed has more than 20 years' experience working in the financial services sector. His previous experience includes working for the UK Financial Services Authority (FSA) leading the supervision of European banks operating in the UK; and a variety of risk management roles in Bank of Ireland and PwC.

Ed has an MBA from Smurfit Business School, and a first class honours BA Economics degree.

Derville Rowland, Director General, Financial Conduct

Derville Rowland

Derville Rowland was appointed Director General, Financial Conduct on 1 September 2017. She is responsible for overseeing consumer protection, securities and markets supervision, and enforcement.

Prior to this appointment, Derville was Director of Enforcement, responsible for investigations and enforcement of issues across all regulated sectors. She joined the Central Bank in 2004 to set up the Administrative Sanctions Procedure and was appointed Head of Enforcement in 2010.

Prior to this, Derville worked for the Association of Chartered Certified Accountants as Regulatory Counsel, where she led Disciplinary and Admissions and Licensing cases, and gained extensive experience while practicing as a barrister in London and the South Eastern Circuit.

Derville completed a Bachelor of Law Degree and barrister's training (Inns of Court School of Law) in London. Subsequently she obtained a Barrister-at-Law degree from Kings Inns in Dublin and a Diploma in Applied Finance Law.

Derville serves as a member of both the management board and the board of supervisors of the European Securities and Markets Authority (ESMA).

Gerry Quinn, Chief Operations Officer

Gerry Quinn

Gerry Quinn was appointed Chief Operations Officer in March 2011. In this role he has responsibility for HR, IT, Corporate Services (Procurement, Facilities etc.) Regulatory Transactions and for Currency Issue and Currency Production. He joined the Central Bank of Ireland as Chief Information Officer in May 2010. Gerry joined the Central Bank from the telecommunications sector where he spent the previous seven years as Chief Information Officer/IT Director of one of Ireland’s largest companies. Gerry has over 25 years management experience gained in the public and private sectors. He has previously held a number of non-executive director positions and has an MSc Management (Organisational Behaviour) from Trinity College.

Mark Cassidy, Director of Economics and Statistics

Mark_Cassidy

Mark Cassidy was appointed Director of Economics and Statistics on 20 December 2017. He is responsible for the Monetary Policy Division, the Irish Economic Analysis Division and the Statistics Division. Prior to his appointment Mark was Head of Financial Stability and has also been Head of Monetary Policy.

Mark has represented the Central Bank on a range of Eurosystem and international committees including the ECB’s Financial Stability Committee, the Monetary Policy Committee, the International Relations Committee, Banking Supervision Committee and Working Group on Forecasting. He is also the Chair of the Central Bank's Brexit Taskforce.

Mark has nearly twenty years' experience in central banking and academia and holds a B.A. and Ph.D in Economics from Trinity College Dublin.

Gerry Cross, Director of Financial Regulation - Policy and Risk

Gerry Cross
Gerry Cross was appointed as Director of Financial Regulation - Policy and Risk in May 2015. He leads the Central Bank's work on prudential and markets conduct regulatory policy and its supervisory risk framework (PRISM). An alternate member of the Board of Supervisors of EBA and EIOPA, Gerry co-chairs EBA's Standing Committee on Regulation and Policy.

Gerry has had an extensive career in the area of financial services regulation. Before joining the Central Bank he has worked at the European Commission, the UK Financial Services Authority, Fortis Group, the Institute of International Finance, and the Association for Financial Markets in Europe.

Domhnall Cullinan, Director of Insurance Supervision

Domhnall Cullinan

Domhnall Cullinan joined the Central Bank of Ireland in 2003 and has worked in various roles in insurance supervision before being appointed as Head of General Insurance Supervision in June 2012. In June 2014, Domhnall was appointed as Head of the Central Bank's Anti-Money Laundering Division. Domhnall became Director of Insurance Supervision on 1st September 2019. Prior to joining the Central Bank Domhnall worked in the life and pensions industry for 11 years. In addition to supervision, Domhnall has also been involved in the development of policy and legislation and has represented Central Bank of Ireland at the European Insurance and Occupational Pensions Authority, the European Banking Authority and the Financial Action Task Force.

Domhnall holds an MBS in Business Practice from IMI/UCC.

Seána Cunningham, Director of Enforcement and Anti-Money Laundering

Seána Cunningham

Seána Cunningham was appointed Director of Enforcement and Anti-Money Laundering in January 2018. Prior to this appointment, she was Head of Enforcement Advisory Division and Deputy Head of the Anti-Money Laundering Division at the Central Bank. She joined the Central Bank in 2011, having previously worked as a solicitor for over a decade in private practice in Ireland and the UK.

Louise Dennehy, Chief Information Officer

Louise Dennehy

Louise Dennehy was appointed as Chief Information Officer in September 2019. She joined the Central Bank of Ireland as Head of IT Delivery in April 2017. Louise has over 25 years experience in IT within the financial services industry, including holding a number of Head of IT roles. Louise is a graduate of University College Dublin and Trinity College Dublin in science and IT related disciplines.

Michael Hodson, Director of Asset Management and Investment Banking

Michael Hodson

Michael Hodson is responsible for the supervision and regulation of investment firms and fund service providers in Ireland. This broad range of firms includes stockbrokers, asset managers, depositaries, fund administration firms and market infrastructure. He also represents the Central Bank at European Supervisory Convergence forums, such as at the European Securities and Markets Authority.

Michael joined the Central Bank in October 2011 and has held a number of senior roles in the organisation. Prior to this, he worked in Finance Director / Chief Operating Officer roles in the Irish stockbroking industry.

Liz Joyce, Director of Human Resources

Liz Joyce

Liz Joyce was appointed as Director of Human Resources in May 2011. She joined the Central Bank from Pioneer Investments where she held a number of human resources roles. She was previously the Human Resources Director at Greenstar and at Diageo, where she held roles including Human Resources Director of United Beverages and Human Resources Business Partner for Global Functions. Prior to this, she worked in human resources with Concern Worldwide for 10 years, ultimately as Human Resources Director.

Liz holds a BA degree in psychology from University College Galway and an MBS in Human Resources Strategies from Dublin City University. She has completed diplomas in business and finance, and coaching and is a Fellow of the Chartered Institute of Personnel and Development and in 2017 was admitted as a Chartered Director to the Institute of Directors in London.

Colm Kincaid, Director of Securities and Markets Supervision

Colm Kincaid

Colm Kincaid was appointed Director of Securities and Markets Supervision in January 2018. Prior to this role, he was Head of Consumer Protection - Policy & Authorisations Division and Deputy Head of the Legal Division at the Central Bank. He joined the Central Bank in 2004, having previously practised as a solicitor in London and Dublin.

Vasileios Madouros, Director of Financial Stability

Vasileios Madouros

Vasileios Madouros was appointed Director of Financial Stability in January 2019 He is responsible for the Central Bank's work to monitor threats to financial stability and provide advice on the use of macro-prudential tools, or other policy interventions, to mitigate those risks. Vasileios is also responsible for enhancing the Central Bank’s financial crisis preparedness and management capabilities as well as preparing for, and managing, the orderly resolution of relevant financial institutions. Vasileios is a member of the Plenary Board of the Single Resolution Board.

Prior to joining the Central Bank, Vasileios spent most of his career at the Bank of England. His work at the Bank of England spanned a range of areas related to financial stability, covering macro-prudential policy development, stress testing, international finance, prudential policy and macro-financial risk assessment.

Vasileios holds a B.Sc. in Economics from the University of Warwick and an M.Sc. in Economics from Birkbeck College, University of London.

Gráinne McEvoy, Director of Consumer Protection

Gráinne McEvoy

Gráinne McEvoy was appointed Director of Consumer Protection in January 2018. Prior to this appointment, she was Head of Securities and Markets Supervision Division and Deputy Head of the Financial Institutions and Funds Authorisation Division at the Central Bank. She was also acting Director of Securities and Markets Supervision for a period in 2017, having joined the Central Bank in 1997.

Mary-Elizabeth McMunn, Director of Credit Institutions Supervision

Mary Elizabeth McMunn

Mary-Elizabeth McMunn was appointed Director of Credit Institutions Supervision in July 2018. The Director of Credit Institutions Supervision is responsible for Banking Supervision and the Registry of Credit Unions. Mary-Elizabeth joined the Central Bank in 1997 and prior to this appointment, she was Head of Supervisory Risk Division and Deputy Head of both Banking Supervision and Insurance Supervision Divisions at the Central Bank.

Mary-Elizabeth holds an M.Sc in Investment & Treasury from Dublin City University, is a graduate of the Smurfit Business School, and holds a B.A. in Economics from University College Dublin.

William Molloy, Director of Financial Operations

William Molloy

William Molloy was appointed Director of Financial Operations on 1 August 2019 and is responsible for the Financial Markets and Payments and Securities Settlements divisions. The Directorate is responsible for implementing Eurosystem monetary policy (including the Asset Purchase Programme), managing the Central Bank's investment assets, operating the Irish component of the Eurosystem's real time gross settlement system (TARGET2), promoting the safety and efficiency of payments and securities settlement systems operating in Ireland and managing the Deposit Guarantee Scheme. Prior to his appointment William was Head of Payments and Securities Settlement division, while he also held Head of Function roles in Financial Markets, Banking Supervision and Organisational Risk divisions. He has represented the Central Bank on international fora and is a member of the European Central Bank's Market Infrastructure and Payments Committee. William has nearly twenty years' experience in central banking and holds a B.A. in History, a Bachelor of Financial Services, an M.A. in History, an M.Sc. in Risk Management, and an MBS in Business Practice.

Paul Molumby, Director of Currency and Facilities Management

Paul Molumby

Paul Molumby was appointed Director of Currency and Facilities Management in August 2012 and is responsible for the Currency Production, Currency Issue, and Facilities Management divisions. He previously served as Head of Payment and Securities Settlements Division from July 2010 to July 2012.

Prior to joining the Central Bank, Paul was a senior manager with Ulster Bank Group where he held roles in information technology, payments, change management and mortgage operations. Before this, he was Head of Information Technology at the NTMA, having joined from ICC Bank where he was Systems Development Manager. Paul commenced his career with Aer Lingus and he holds a Bachelor of Commerce degree from University College Dublin.

Bernard Sheridan, Director of Corporate Affairs

Bernard Sheridan

Bernard Sheridan was appointed Director of Corporate Affairs on 1 September 2017. Prior to this appointment, he was Acting Deputy Governor, Financial Regulation, and Director of Consumer Protection. Bernard joined the Central Bank in 1985 and has held a range of senior positions including head of Domestic Credit Institutions, Consumer Protection Codes and Consumer Information Divisions. He also previously held the role of Chief Operations Officer of the Investor Compensation Company Limited (ICCL). Bernard holds a BComm from University College Dublin and an MSc in Investment and Treasury from Dublin City University.

Adrian Varley, Director of Prudential Analysis & Inspections

Adrian Varley

Adrian Varley was appointed Director of Prudential Analysis and Inspections on 1 February 2018. Working with the directors of prudential supervision for the insurance, banking and asset management sectors, he is responsible for the risk analysts and inspectors that support the firm specific supervision teams. Specifically, he is responsible for the Risk Analysis, Data Analytics and Reporting Division, Governance and Operational Risk Division and Financial Risks Division.
Adrian joined the Central Bank in 2010 and prior to his appointment was Head of the Banking Supervision Analysis Division. He has a PhD in Mathematics from Warwick University and more than twenty years' experience of academia, investment banking and prudential supervision.

Patrick Casey, Registrar of Credit Unions

Patrick Casey

Patrick Casey was appointed Registrar of Credit Unions on 23 October 2017. As Registrar, he is responsible for the regulation and supervision of the credit union sector in Ireland. Patrick was previously Head of Resolution where he led the establishment of the national resolution authority within the Central Bank under the EU Bank Recovery & Resolution Directive. He has represented the Central Bank at the Single Resolution Board Plenary Session and the European Banking Authority's Resolution Committee since inception. He is also a member of a number of senior level Central Bank committees, including the Financial Stability Committee.

Prior to joining the Central Bank, Patrick held of number of roles in investment banking in London with Citibank and HSBC, and latterly as a Director in AIB Corporate Finance in Dublin. He trained as a solicitor with London firm Simmons & Simmons. Patrick holds a Master's degree in Accounting from University College Dublin and a LLB (Law & Accounting) Joint Honours degree from Queens University Belfast.