THE Department of Finance has filled two new senior positions – John McCarthy will fill the newly created role of chief economist, while former Davy stockbrokers' director Des Carville joins as head of shareholder management.
As chief economist, Mr McCarthy becomes one of the Government's most senior advisers on economic policy. The position is an internal promotion; until recently Mr McCarthy worked as a senior economist within the department.
Formerly an economist with the Central Bank, his 20 years of experience also includes a stint as deputy member of the European Councils' Economic and Financial Committee. He holds a degree in economics and mathematics from Trinity College and a master's in economics from UCD.
Des Carville, a former corporate finance director at Davy Stockbrokers, will be responsible for completing the restructuring of the banking system and managing the State's remaining shareholdings in the banks. He trained with KPMG.
"Since my appointment as secretary general to the department, it has been my goal to realign and strengthen the functioning of all elements of the department. With these appointments, we now filled all the new roles," said Department of Finance secretary general John Moran.