Our Senior Team - Bios

Philip R. Lane, Governor of Central Bank

Philip R. Lane

Philip R. Lane is the 11th Governor of the Central Bank of Ireland, taking office on 26 November 2015. Prior to his appointment, he was on the academic staff at Trinity College Dublin and he remains affiliated with the university as Whately Professor of Political Economy (on leave).  Philip has chaired the Advisory Scientific Committee of the European Systemic Risk Board and was Director of the International Macroeconomics and Finance Programme at the Centre for Economic Policy Research (CEPR). He has also acted as an academic consultant for the European Central Bank, European Commission, International Monetary Fund, World Bank, OECD, Asian Development Bank and a number of national central banks. In September 2016 he was appointed as chair of the ESRB High-Level Task Force on Safe Assets. In March 2017 he was appointed as Chair of the Advisory Technical Committee (ATC) for a three-year term.

A graduate of Trinity College Dublin, he received a PhD in Economics from Harvard University in 1995 and was Assistant Professor of Economics and International Affairs at Columbia University (1995-1997) before returning to Dublin. His research interests include financial globalisation, macroeconomics of exchange rates and capital flows, macroeconomic policy design and European monetary integration.

The appointment of the Governor of the Central Bank of Ireland is made by the President for a seven year term.

Sharon Donnery, Deputy Governor, Central Banking

Sharon Donnery
Sharon Donnery 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 also represents the Central Bank of Ireland at the European Systemic Risk Board (ESRB).

Sharon previously served as the Central Bank’s Alternate Member of the Supervisory Board of the Single Supervisory Mechanism (SSM). She is the Chair of the SSM High Level Group on Non-Performing Loans (NPLs), and was also appointed Chair of the ECB Budget Committee (BuCom) in December 2016.

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. She was also vice-Chair of the European Banking Authority's (EBA) Standing Committee on Consumer Protection and Financial Innovation.

Sharon holds a BA in Economics and Politics and an MA in Economics from University College Dublin.

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.

Sylvia Cronin, Director of Insurance Supervision

Sylvia Cronin

Sylvia Cronin was appointed as Director of Insurance Supervision in October 2014 and is a Member of the European Insurance and Occupational Pensions Authority (“EIOPA”) Board of Supervisors. Before joining the Central Bank, she spent the majority of her career working in the insurance industry, most recently as Chief Executive of Augura Life Ireland Ltd. Previously, Sylvia was the Chief Executive of MGM International Assurance Ltd. and spent several years with the AXA Group where she was head of Business Development, Services and Marketing in Ireland. She started her insurance career with the Fortis Group where her focus was on IT Management.

Sylvia holds a Masters in Business Administration from DIT and in 2010 was admitted as a Chartered Director to the Institute of Directors in London.

Gerry Cross, Director of Policy and Risk

Gerry Cross
Gerry Cross was appointed as Director of Policy and Risk in May 2015 and is responsible for the Prudential Policy, Risk Governance and Accounting Policy, and Markets Policy divisions. Prior to joining the Central Bank, he was Managing Director for Advocacy at the Association for Financial Markets in Europe (AFME). He previously worked at the Institute of International Finance in Washington where he was Deputy Director, Regulatory Affairs.

Gerry spent eight years in policy functions at the UK Financial Services Authority. He has also been Director of Group Credit Policy at Fortis Group. A barrister by training, Gerry completed his law degree at UCD and his Master of Laws at Cambridge University before attending Kings Inns, Dublin.

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.

Kevin Garland, Chief Information Officer

Kevin Garland

Kevin Garland was appointed to the position of Chief Information Officer in October 2014, bringing 30 plus years of Financial Services IT experience to the position. Kevin started his career with Irish Life, subsequent to holding a number of management positions he moved to the UK with Irish Life, where he was a member of the executive management team with responsibility for IT across Irish Life UK, City of Westminster Insurance, and the establishment of Irish Life International.

After returning to Ireland Kevin joined Norwich Union as IT Director and subsequent to the merger with the Hibernian Group became an Executive Director serving on the boards of Hibernian General Insurance and Hibernian Life and Pensions. After the formation of the Aviva Group in Ireland, Kevin was appointed Chief Information Officer, a position he retained until he left the company at the end of 2012. Subsequently Kevin operated as an independent consultant in the financial services industry.

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.

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.

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.

Peter Sinnott, Director of Financial Operations Peter Sinnott

Peter Sinnott was appointed Director of Financial Operations in June 2017 and is responsible for Financial Markets and Payments and Securities Settlement divisions. The Directorate is responsible for managing the Central Bank’s investment assets, implementing European Central Bank monetary policy (including the Asset Purchase Programme), operating the Irish component of the Eurosystem's real time gross settlement system, promoting the safety and efficiency of payments and securities settlement systems and the Deposit Guarantee Scheme.

Peter joined the Central Bank in 1979 and has held various senior positions in the Central Bank, including most recently Head of the Financial Markets Division. Peter has also worked as a Head of Function in the Payments and Securities Settlement Division and also in risk management. He has represented the Central Bank on international fora and is a member of the European Central Bank’s Market Operations Committee since 2014.

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.