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 Deputy Governor, Central Banking on 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 is responsible for leading the financial stability; economics and statistics and financial operations directorates of the Central Bank. She is also the Chair of the ECB Budget Committee (BuCom) having been appointed by the ECB Governing Council in December 2016.

Sharon was Acting Governor from 1 June 2019 to 31 August 2019. She was previously a member of the European Systemic Risk Board (ESRB) and Alternate Member of the Supervisory Board of the Single Supervisory Mechanism (SSM). She has chaired a number of European Committees including being Chair of the ECB 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. Prior to joining the Central Bank, Sharon lectured in economics at the National University of Ireland Maynooth.

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. In 2019, she was admitted to the Institute of Directors in London as a Chartered Director.  In 2020, she was appointed as an Adjunct Professor of Economics in Trinity 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.

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 first appointed on 1 January 2014 and was re-appointed to the Central Bank Commission on 1 January 2019 for a second term of 5 years.

Shay Cody

Shay Cody

Shay Cody was General Secretary of Fórsa, Ireland's second largest trade union. He served on the Executive Committee of the Irish Congress of Trade Union's Executive and also on its General Purposes Committee. As Chair of its Public Services Committee representing a total of twenty five unions, he was the lead negotiator in several rounds of public service talks. He has served as a member of the National Economic and Social Council and the National Competitiveness Council. Shay chaired the Aer Lingus Employee Share Ownership Trust (ESOT) and has also served as a trustee of the Eircom ESOT. He was also a board member of the Workplace Relations Commission.

Shay was appointed to the Central Bank Commission on 1 December 2020.

John Hogan, Secretary General of the Department of Finance*

John Hogan

John Hogan 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 Assistant Secretary General with responsibility for Tax Policy Division in the Department of Finance and also Banking Policy in the Financial Services Division. Throughout his career, Mr Hogan has worked in a number of government departments and has served in the Permanent Representation of Ireland to the European Union. He is a member of the Board of the National Treasury Management Agency and the Civil Service Management Board. John was appointed to the Central Bank Commission on 8 June 2021.

Sarah Keane

Sarah Keane

Sarah Keane is the first Chief Executive Officer of Swim Ireland - the National Governing Body for Swimming, Water Polo, Diving and associated Aquatic Disciplines on the island of Ireland.  She has held this position for over ten years. 

Sarah is a qualified solicitor and is a Matheson Alumni having worked with Matheson Solicitors, a leading Irish law firm, prior to taking up her CEO position with Swim Ireland.  Her qualifications include an Honours Degree in Law, a Masters in Commercial Law and Diplomas in both Corporate Management and Financial Management.  She graduated from the Common Purpose Leadership Programme in 2015 and achieved her Diploma in Company Direction/Governance from the Institute of Directors in 2016.

Sarah was elected in February 2017 as the first female President of the Olympic Federation of Ireland (OFI) (formerly Olympic Council of Ireland).  She represented Ireland at the European Olympic Council’s (EOC) Women in Sport & Leadership Talent Event in Poland in April 2015.  In 2018 she was appointed the Chair of the EOC’s Gender Equality in Sport Commission and is a member of the newly established ANOC (The Association of National Olympic Councils – 206 nations members) Gender Equality Commission.  In July 2019 she was appointed to the International Olympic Committee Women in Sport Commission which advises the IOC Session, the IOC Executive Board and the IOC President on the development and implementation of the IOC Gender Equality Policy and to promote equal opportunities for girls and women to participate in and benefit from sport and physical activity.

In addition to the foregoing, Sarah is a member of the Sports Leadership Group established in December 2018 to drive the implementation of the Government’s National Sports Policy 2018-2027 and the Sport Ireland Women in Sport Steering Committee (February 2019).

Sarah is a former member of the Board of Ireland Active; the Board of the Federation of Irish Sport (the umbrella body for sporting organisations in Ireland) and the Irish Sport Anti-Doping Disciplinary Panel.

Sarah was appointed to the Central Bank Commission on 1 December 2020.

David Miles

David Miles

David Miles is Professor of Financial Economics at Imperial College, London. He was a member of the Monetary Policy Committee at the Bank of England between May 2009 and September 2015. As an economist he has focused on the interaction between financial markets and the wider economy. He was also Chief UK Economist at Morgan Stanley from October 2004 to May 2009.

In 2004 Professor Miles led a government review of the UK mortgage market. He recently completed a review for the UK Treasury on reference prices of UK government bonds. He has recently been an adviser to the IMF and to the reserve Bank of New Zealand.

He is a research fellow of the Centre for Economic Policy Research and at the CESIFO research institute in Munich. He is Chair of the Board of Trustees of the Institute for Fiscal Studies.  

Professor Miles was awarded a CBE in January 2016.

David was appointed to the Central Bank Commission on 1 December 2020.

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 Central Bank Commission on 11 September 2018 for a five year term.

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 Central Bank Commission on 11 September 2018 for a five year term.

Neil Whoriskey, Secretary of the Bank


Neil Whoriskey is Head of the Internal Governance Division of the Central Bank of Ireland.