Friday 21 October 2016

Latest top official to step down from Central Bank

Published 23/08/2016 | 02:30

Mark Coan is to become group commercial director at Ptsb
Mark Coan is to become group commercial director at Ptsb

Gareth Murphy, the Central Bank's Director of Markets Supervision, has become the latest senior official to leave the regulator.

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The Central Bank said Mr Murphy will remain with the bank until November, but will step away now from supervisory activities.

Mr Murphy said that after eight years dealing with issues related to the financial crisis, it was time to "move on".

Former Central Bank deputy governor Stefan Gerlach left the regulator at the end of last year, shortly after the retirement of former Governor Patrick Honohan.

Current FBD chief executive Fiona Muldoon left her former job as head of banking supervision in 2013, following the exit of former deputy governor Matthew Elderfield, who terminated his contract early and joined Lloyds Banking Group in London.

Meanwhile, Permanent TSB chief executive Jeremy Masding has announced the appointment of Mark Coan as group commercial director.

Mr Coan will have responsibility for the management and development of the group's commercial agenda including responsibility for product development, brand and marketing activities.

Irish Independent

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