The Commission - Bios

The Commission comprises the following members (* denotes ex officio members):

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.

Alan Ahearne

Alan Ahearne
Alan Ahearne is Director of the Whitaker Institute for Innovation and Societal Change at the National University of Ireland, Galway. Alan is also Professor of Economics in the J.E. Cairnes School of Business and Economics. He is Chairman of the ESRI and Department of Finance Joint Research Programme on the Macro-economy and Taxation. He has served as adviser to the IMF, as research fellow at Bruegel, and as economic adviser to Ireland’s former Minister for Finance Brian Lenihan. Before joining NUI Galway, he was Senior Economist at the Federal Reserve Board in Washington, DC. He has taught economics at Carnegie Mellon University, the University of Virginia, University College Dublin, Dublin City University and the University of Limerick. Alan began his professional career with Coopers & Lybrand and also worked for Bank of Ireland Group Treasury. His areas of expertise are macroeconomics and international finance and his research has been published in leading international journals. He holds a Ph.D. in economics from Carnegie Mellon University.

Alan Ahearne was re-appointed to the Commission on 8 March 2015 for a second term of five years.

Patricia Byron

Patricia Byron
Patricia Byron has worked as a senior executive in the Insurance and related financial services sector over many years. She was the first CEO of the Personal Injuries Assessment Board (PIAB), an independent State body, established in 2004 to reform a costly personal injury claims environment. As Chairperson of the Motor Insurers Bureau of Ireland she led a reform programme, focusing on business transformation and effectiveness.

As Chairperson of the Association of Chief Executives of State Bodies, she became actively involved in a number of cross-cutting public sector reform initiatives. Since leaving the PIAB in 2015, she led a Strategic Review programme at Chartered Surveyors Ireland. In addition to her role on the Central Bank Commission she currently serves as an independent non-executive Director for the Centre for Effective Services and ComReg.

Patricia is a graduate of UCD, a Chartered Insurer and the first female President of the Insurance Institute.

Patricia was re-appointed to the Commission on 1 January 2019 for a second term of 5 years.

John FitzGerald

John FitzGerald
John FitzGerald is a former Research Professor with the Economic and Social Research Institute in Dublin working on macro-economic and energy policy. He has published widely in these fields. He is a past President of the Irish Economic Association and of the EUROFRAME group of European economic research institutes. He is a former member of the National Economic and Social Council, of the Northern Ireland Authority for Energy Regulation and of the EU "Group for Economic Analysis" advising the President of the EU Commission.

He studied at University College Dublin and he holds masters degrees in both History and Economics. He began his career in the Department of Finance in 1972 and he moved to the Economic and Social Research Institute in 1984 until his retirement from there on 24 October 2014.

John was re-appointed to the Commission on 1 October 2015 for a second term of 5 years. 

Niamh Moloney

Niamh Moloney

Niamh Moloney is Professor of Financial Markets Law and Head of the Department of Law at the London School of Economics and Political Science. She was elected a Fellow of the British Academy in summer 2018. Niamh specializes in EU financial market regulation and consumer financial protection and has written several books on these subjects. She has been a Visiting Professor in several leading Law Schools internationally, including Columbia Law School, New York and is a member of the Editorial Boards of a number of internationally-recognised journals.

Niamh is currently a Member of the Board of Appeal of the European Supervisory Authorities and has previously been a member of the Securities and Markets Stakeholder Group of the European Securities and Markets Authority, Chair of the Central Bank of Ireland's Consumer Advisory Group, and a Member of the UK Financial Conduct Authority's Financial Services Consumer Panel. Niamh has also acted as Special Adviser to the 2014-2015 inquiry by the UK House of Lords into the EU's regulatory response to the financial crisis, and as an Expert Witness for UK Parliament Select Committee Inquiries on financial market regulation and Brexit-related matters and for the European Parliament's Economic and Monetary Affairs Committee.

Niamh holds degrees from Harvard Law School and Trinity College Dublin.

Niamh was appointed to the Commission on 11 September 2018 for a five year term.

Derek Moran, Secretary General of the Department of Finance*

Derek Moran
Derek Moran is Secretary General of the Department of Finance and is responsible for economic, budgetary and fiscal, banking and financial service policy matters and oversight of Ireland's investments in and support for covered banks. He has previously been the Assistant Secretary General with responsibility for Fiscal Policy Division, Budget and Economic Division and led on tax policy issues between 2006 and 2014. He is currently a member of the Central Bank Commission, the board of the National Treasury Management Agency, the Civil Service Management Board and is a Council member of the Foundation for Fiscal Studies. He has previously served on the National Economic and Social Council, National Statistics Board and the EU's Economic Policy and Tax Policy Committees.

John Trethowan

John Trethowan

John Trethowan is a career banker with over 40 years of experience. He is currently the State appointed Credit Reviewer which assists viable SMEs and farms get access to credit from banks. John is a Fellow of the Institute of Banking, and was its President in 2006. He has served in various financial institutions at all levels, including at both executive and non-executive board roles.

John has an MBA from the University of Ulster Business School, and has extensive board experience. He currently is a member of the EirGrid plc board, and chairs its Audit Committee. John has previously served on boards in the public, private, and voluntary sectors including financial services, public transport, health & social care, and in various business related charities.

John was appointed to the Commission on 11 September 2018 for a five year term.

Neil Whoriskey, Secretary of the Bank

Neil-Whorisky
Neil Whoriskey is Head of the General Secretariat Function of the Central Bank of Ireland.