Friday 28 July 2017

Ex central banker earned €898k last year as CEO of FBD Insurance

Fiona Muldoon, FBD. Photo: Arthur Carron/Collins
Fiona Muldoon, FBD. Photo: Arthur Carron/Collins
Donal O'Donovan

Donal O'Donovan

Ex central banker Fiona Muldoon earned €898,000 last year as CEO of FBD Insurance, according to its annual report.

The next highest paid executive director at the firm, John O’Grady earned €184,000 – including a basic salary of €110,000.

Fiona Muldoon’s basic salary of €450,000 for 2016 was topped up by a bonus of €315,000, other benefits worth €43,000 and a €90,000 pension contribution.

The scale of her earnings may well take her out of contention in the race to succeed Richie Boucher as CEO of Bank of Ireland – where any newcomer’s pay will be capped at €500,000 a year under government rules for bailed out banks.

Until May 2014 Fiona Muldoon was a senior regulator with the Central Bank, overseeing banks and insurers .

She was known for her outspoken and forthright approach, and hit the headlines during her time in Dame Street when she compared top bankers to surly teens, for their failure to get on top of the mortgage crisis. She joined FBD in 2015 as chief financial officer and quickly progressed to the top job where she replaced Andrew Langford.

Online Editors

Promoted articles

Also in Business