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Our Senior Team

Governor of the Central Bank

The tenth Governor of the Central Bank of Ireland, Patrick Honohan, was appointed on 26 September 2009. Before his appointment as Governor, he was Professor of International Financial Economics and Development at Trinity College Dublin from 2007. Prior to this, he spent almost a decade at the World Bank where he was Senior Advisor on financial sector policy. He was previously Research Professor with the Economic and Social Research Institute, Dublin (1990-98), Economic Advisor to Taoiseach Garret Fitzgerald (1981-82 and 1984-86) and he spent several years as an economist at the Central Bank of Ireland (1976-81 and 1984-86), and at the International Monetary Fund (1971-73). A graduate of University College Dublin, he received his Ph.D. in Economics from the London School of Economics in 1978. He has taught Economics at the LSE and at the University of California-San Diego, the Australian National University and University College Dublin, as well as at Trinity College. In recent years, his research has mainly focused on monetary and financial sector policy.

The appointment of the Governor of the Central Bank of Ireland is made by the President for a seven year term.

The Governor is supported by the Deputy Governor (Financial Regulation), Deputy Governor (Central Banking) and the Chief Operations Officer.

Deputy Governor (Financial Regulation)

Matthew Elderfield was appointed to the position of the Deputy Governor (Financial Regulation) in January 2010. Prior to taking up this role, he was Chief Executive of the Bermuda Monetary Authority (BMA) from 2007-2009. Prior to joining the BMA, he spent eight years at the UK Financial Services Authority (FSA) as a Head of Department in a variety of posts, responsible for exchange and clearing house supervision, for secondary markets and listing policy and for banking supervision. Before joining the FSA, Matthew Elderfield established the European operations of the International Swaps and Derivatives Association (ISDA) and held posts at the London Investment Banking Association, the British Bankers Association and a Washington-DC based consultancy firm, the Institute for Strategy Development.

Deputy Governor (Central Banking)

Stefan Gerlach was appointed Deputy Governor (Central Banking) in September, 2011. Prior to joining the Bank, he served as Professor of Monetary Economics and Managing Director of the Institute for Monetary and Financial Stability at the University of Frankfurt, as CEPR Research Fellow and a Fellow of the CFS. He has served as Head of Secretariat to the Committee on the Global Financial System at the Bank for International Settlements (BIS), as Executive Director (Research) at the Hong Kong Monetary Authority and Director of the Hong Kong Institute for Monetary Research. Before joining the Hong Kong Monetary Authority, he was a staff economist at the BIS.

Chief Operations Officer

Gerry Quinn was appointed Chief Operations Officer in March 2011. In this role he has responsibility for HR, IT, Corporate Services (Procurement, Facilities etc.) Regulatory Transactions and for Currency Issue and Currency Production. He joined the Central Bank of Ireland as Chief Information Officer in May 2010. Gerry joined the Central Bank from the Telco sector where he spent the previous 7 years as CIO/IT Director of one of Ireland’s largest companies. Gerry has over 25 years management experience gained in the public and private sectors. He has previously held a number of non-executive director positions and has an MSc Management (Organisational Behaviour) from Trinity College.