Central Bank announces Director appointments in Markets Supervision and Financial Stability

13 December 2016 Press Release

• Michael Hodson appointed Director of Asset Management Supervision from January 2017
• Mary O’Dea appointed Director of Securities and Markets Supervision from September 2017
• Maurice McGuire appointed Director of Financial Stability from July 2017

The Central Bank today announced three appointments at Director level.

Michael Hodson has been appointed to the role of Director of Asset Management Supervision, with effect from 1 January. 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 the 1 January 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.

Announcing these appointments Governor 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.