Deputy Governor to take up senior ECB role

The Central Bank of Ireland today (5 June) announced that Sharon Donnery, Deputy Governor Financial Regulation, will take up a senior role at the European Central Bank.

Governor Makhlouf said: “I am delighted that the Governing Council of the ECB has appointed Sharon to this important role. It is a fantastic opportunity for her to build on her international experience in a senior leadership position in a European institution. Given her international reputation, including her current work as Ireland’s member of the ECB’s Supervisory Board – not to mention the important role she has played in improving the resilience of the Irish and European banking system in the aftermath of the financial crisis – an opportunity of this nature for Sharon is no surprise to me. I know she will make an enormous contribution in this exciting new role. On behalf of the Central Bank’s Commission and all the staff of the Bank I would like to wish her every success at the ECB.”

Deputy Governor Sharon Donnery said: “I am delighted to have been appointed to this role at the European Central Bank. I am excited to be joining an institution of such calibre and standing and look forward to starting my new role at the end of the year. Until then I will focus on delivering and completing a number of my priorities in my current role. It has really been a privilege to work in so many roles for the Central Bank of Ireland, delivering on our mandate in the public interest. I am proud of the work we do every day on behalf of the people of Ireland and the quality and dedication of my colleagues.”

Deputy Governor Donnery will remain at the Central Bank of Ireland until late 2024, continuing with her current responsibilities with a particular focus on finalising and delivering the Central Bank’s transformation of Regulation and Supervision.

ENDS

Notes to the Editor

• The Governing Council of the European Central Bank (ECB) has appointed Sharon Donnery, Pedro Machado, and Patrick Montagner as ECB representatives to the Supervisory Board of ECB Banking Supervision.
• The Supervisory Board is responsible for planning and carrying out the tasks of ECB Banking Supervision. The Board is chaired by Claudia Buch and consists of four members appointed by the ECB as well as the representatives of 21 national competent authorities.
• Sharon Donnery joined the Central Bank of Ireland as an economist in 1996. She has worked across the Bank in a number of senior roles, including Head of Consumer Protection, the Registrar of Credit Unions, Director of Credit Institutions, and has been a Deputy Governor and a member of the Central Bank Commission for the last 8 years – first as Deputy Governor for Central Banking and recently as Deputy Governor for Financial Regulation. She served as Acting Governor of the Central Bank between from 1 June 2019 to 31 August 2019.
• Sharon has extensive international experience, having chaired the ECB’s High Level Task Force on Non-Performing Loans and the ECB’s Budget Committee. She is currently Ireland’s representative on the ECB’s Supervisory Board, as well as being co-chair of the FSB’S Open Ended Funds Working Group and a member of the European Systemic Risk Board.
• Sharon is also an adjunct professor of Economics at Trinity College Dublin.