Central Bank makes two senior appointments

Following its restructuring announcement earlier this year, the Central Bank has appointed a deputy governor for prudential regulation and a director general of financial conduct.

The deputy governor role will be taken by Ed Sibley, who will be responsible for the supervision of credit institutions, insurance firms and the asset management industry.

Prior to today's appointment, Mr Sibley was serving as the bank's director of credit institutions supervision, responsible for overseeing the Central Bank's supervisory work for all banks and credit unions operating in Ireland. Mr Sibley had previously worked with the UK Financial Services Authority, Bank of Ireland and PwC.

Derville Rowland has been appointed as director general of financial conduct. Ms Rowland will be responsible for consumer protection, securities and markets supervision, and enforcement.

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Ms Rowland joined the bank in 2004 and, prior to this job, she was responsible for investigations and enforcement of issues across all regulated sectors.

"Both appointees bring a wealth of experience in financial regulation to these new roles and have had highly distinguished careers to date," said Central Bank governor Philip Lane.

“The appointments and the restructuring of financial regulation will provide the Central Bank with strong foundations to carry out its vital financial regulatory mandate in line with our mission to safeguard stability and protect consumers.”

It is understood that both of the new appointees will report directly to the governor and will become members of the Central Bank’s most senior management committee, the governor’s committee.