Mayo woman leaves Central Bank for EU anti-money laundering role

Mayo woman Derville Rowland is leaving her senior role at the Central Bank to join the executive board of the European Union's newly established Anti-Money Laundering Authority (AMLA).

The Castlebar native will be one of five leading officials of the Frankfurt-based agency.

A daughter of Nancy and the late Jimmy Rowland, formerly of Main Street, she had been serving as Deputy Governor Consumer and Investor Protection at the Central Bank for the past number of years, having been a member of the staff of the financial regulator for two decades.

She stated: “I am proud to be appointed to the new organisation and acutely conscious of the urgency of AMLA’s task to make our financial system cleaner, our economy more resilient, and our people safer.

"For our financial system to be trustworthy, it will need a collective and unyielding European response to ensure that money laundering and terrorist financing are systematically combatted. I look forward to helping to lead that work.

"It has been a privilege to work for the Central Bank and with colleagues dedicated to delivering on our mandate in the public good.”

Central Bank Governor Gabriel Makhlouf has wished her well in her new role.

He said: "Derville’s appointment to this role is a testament not only to the high regard in which she is held but also to the strong track record of the Central Bank at a European level. I want to thank Derville for her significant contribution to the Central Bank’s public service mission over the last 20 years."

The recruitment process to fill the role of Deputy Governor Consumer and Investor Protection is ongoing.

In the interim, Deputy Governor for Financial Regulation, Mary-Elizabeth McMunn, will assume the Consumer and Investor Protection responsibilities.