Statement: New Director of Financial Operations appointed

William Molloy has been announced as the Central Bank’s Director of Financial Operations, effective 1 August 2019. The Director of Financial Operations is responsible for leading the implementation of monetary policy in Ireland with direct responsibility for the investment management of the Central Bank’s financial assets. This role is pivotal in maintaining the liquidity of the banking system, ensuring that the real time wholesale payments systems function effectively and oversight of financial market infrastructures and associated functions.

Will has nearly 20 years’ experience in the Central Bank, working in the Financial Markets Division, Organisational Risk Division, Banking Supervision Division, and is currently our Head of Payments and Securities Settlements Division.

Announcing the appointment, Acting Governor Sharon Donnery said: “I am delighted to announce Will’s appointment as the Central Bank’s new Director of Financial Operations. Will has a wealth of experience and knowledge from his time in the Central Bank that he will bring to his new role. During his time in the Central Bank he has demonstrated a commitment to achieving the strategic goals of the organisation.” Ms Donnery also paid tribute to outgoing Director Peter Sinnott on his retirement: “I would also like to take this opportunity to thank Peter for 40 years of service to the Central Bank. He has demonstrated commitment to the public service ethos of the organisation.”

Will holds a B.A. in History, and Bachelor of Financial Services, and MA. in History, M.Sc. in Risk Management, and an MBS in Business Practice.