Move follows departure of Derville Rowland
Colm Kincaid, a former solicitor, has held senior roles including Director of Consumer Protection and Director of Securities and Markets Supervision
The Central Bank has named Colm Kincaid as its new Deputy Governor, Consumer & Investor Protection, replacing Derville Rowland who left in May to join the newly established European Anti-Money Laundering Authority (AMLA).
Mr Kincaid has been the Central Bank’s Head of Enforcement. His new appointment is effective August 1.
As Deputy Governor, Consumer & Investor Protection, he will be a member of the Central Bank’s executive leadership team.
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The Central Bank historically had a governor and two deputy governors but since 2022 has also appointed a third governor.
However, the law limits the number of deputies who act as ex-officio members of the Central Bank Commission, effectively its board of directors, to two.
Those commission seats are taken by Mary-Elizabeth McMunn, who was appointed Deputy Governor, Financial Regulation last year, when her predecessor Sharon Donnery also moved to a senior European role, and Vasileios Madouros, who has been Deputy Governor, Monetary and Financial Stability since 2022.
Mr Kincaid trained as a solicitor following a law degree from Trinity College Dublin, working with global law firm Linklaters and Ireland’s A&L Goodbody before joining the Central Bank, initially in 2004 and again in 2010 following a stint with banking giant Merrill Lynch.
He has held a series of increasingly senior legal and executives roles at the Central Bank since, including as Director of Consumer Protection and Director of Securities and Markets Supervision.
His appointment as Deputy Governor was announced by Governor Gabriel Makhlouf.
“Colm brings over two decades of experience in consumer-focused financial regulation, legal expertise and strategic leadership to the role,” Mr Makhlouf said.
“Colm’s commitment to upholding the highest standards of consumer welfare and market integrity has been a hallmark of his work at the Central Bank of Ireland. He will continue the bank’s focus on this crucial element of our mandate,” he said.
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