The Central Bank of Ireland today (Wednesday 21st August) announced the appointment of Cyril Roux as Deputy Governor, Financial Regulation.
An actuary by profession, Mr Roux will be responsible for all regulatory activities at the Central Bank. He is currently the First Deputy Secretary General of the French prudential supervisory authority for banks and insurance companies (Autorité de Contrôle Prudentiel et de Résolution ACPR). The Minister for Finance has welcomed the appointment.
Announcing the appointment, Governor Patrick Honohan, said: ”I am pleased to welcome Cyril Roux to the Central Bank. His very extensive relevant experience and skills are particularly suited to this challenging role. I look forward to working with him, along with the rest of the regulatory team, as we continue to develop the financial regulatory system in Ireland.”
Mr Roux has been the First Deputy Secretary General of the French prudential supervisory authority for banks and insurance companies (ACPR) since the authority was created in March 2010. Prior to joining ACPR, he was the Deputy Secretary General of the French insurance supervisory authority (ACAM), which merged into ACPR.
Before joining the ACAM, Mr Roux spent 10 years at AXA in a variety of posts, as well as 3 years in the French Treasury.
Commenting on his appointment, Mr Roux said: “I’m honoured by this appointment and very aware that restoring the Irish economy to full health requires effective financial supervision. I’m looking forward to joining the Central Bank with that purpose in mind and to take up where Matthew Elderfield is leaving off.”
Cyril Roux will take up his new position on 1st October.