Central Bank appoints new registrar of credit unions

Patrick Casey has been appointed registrar of credit unions in the Central Bank.

Mr Casey is currently head of resolution in the regulator. He will be responsible for the regulation and supervision of the credit union sector in Ireland, and succeeds the previous registrar Anne Marie McKiernan.

Ms McKiernan has recently become the Republic's representative at the International Monetary Fund (IMF). Mr Casey will take up the position on October 23rd.

Central Bank deputy governor Ed Sibley said Mr Casey would bring “a broad range of financial knowledge and experience to the position, an excellent understanding of the sector, along with a strong restructuring and M&A background from the private sector”.

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Prior to joining the Central Bank Mr Casey held of number of roles in investment banking in London with Citibank and HSBC, and latterly as a director in AIB Corporate Finance in Dublin. He trained as a solicitor with London firm Simmons & Simmons.

Since joining the bank in 2012, Mr Casey led the establishment of the national resolution authority under the EU Bank Recovery & Resolution Directive.

"He has played a key role in seeking to advance Irish bank and investment firm resolvability, and has led the successful resolution of a number of credit unions," said Mr Sibley.