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Central Bank names new deputy governor to replace Elderfield

The Central Bank has appointed Cyril Roux as its deputy governor and director of financial regulation.

Mr Roux will be responsible for all regulatory activities at the Central Bank and will take up his position on October 1.

He replaces Matthew Elderfield, who is taking up a new job at Lloyds Banking Group.
Mr Roux is currently the First Deputy Secretary General of the French prudential supervisory authority for banks and insurance companies.

He also previously worked at AXA and at the French Treasury. Finance Minister Michael Noonan has welcomed the appointment.

”I am pleased to welcome Cyril Roux to the Central Bank,” commented the bank’s Governor Professor Patrick Honohan.

”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,” he added.

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