The Central Bank has appointed Sharon Donnery to the role of deputy governor (financial regulation) with effect from July 1st. The role’s responsibilities include that of deputy governor (prudential regulation), previously the responsibility of Ed Sibley, who is leaving the bank in August for a role with EY Ireland. It will include additional responsibilities to strengthen the bank’s input into the development of domestic and international financial regulatory policy and lead on the transformation of the bank’s approach to supervision and regulation.

The position of deputy governor (central banking) is being renamed deputy governor (monetary and financial stability), with director of economics and statistics Mark Cassidy appointed on an acting basis to the role pending the outcome of a recruitment process. Robert Kelly, head of the bank’s macro-financial division, has been appointed to act in Mr Cassidy’s place.

The job title of deputy governor (consumer and investor protection) will replace that of director general financial conduct. The bank said the change reflected “the importance of consumer and investor protection at the heart of the bank’s mission and strategy”.

Ms Donnery will become a member of the ECB’s supervisory board, which has responsibility for directly supervising the largest banking groups in the euro zone.