The Minister for Finance nominates the Board of the Strategic Banking Corporation of Ireland (SBCI)

(This press release was issued on behalf of the Minister for Finance on Tuesday 24 March 2015)

The Minister for Finance, Michael Noonan T.D., has nominated six people to the Board of the Strategic Banking Corporation of Ireland (SBCI).

The six nominees will be appointed for periods of four and five years following an open selection process.

The following three appointments have been made to the SBCI Board for a period of four years:

  • Tom McAleese
  • Barbara Cotter
  • AJ Noonan

The following three appointments have been made to the SBCI board for a period of five years:

  • Eilis Quinlan
  • Richard Pelly
  • Rosheen McGuckian

Nick Ashmore continues to be an ex-officio director as a consequence of being the Chief Executive Officer of the SBCI. Ann Nolan and Conor O’Kelly have also been reappointed as ex-officio members for a period of three years. As a result of these appointments all nine SBCI Board positions have now been filled.

The selection process for these appointments was undertaken in accordance with the “Guidelines for appointments to State Boards” published by the Government in November 2014. It was managed by the Public Appointments Service and there was a significant level of interest in the posts advertised.

Speaking on the board appointments, Minister for Finance Michael Noonan stated:

“The SBCI has been brought from an initial concept to a reality in little over twelve months thanks to the efforts of the Department of Finance and the NTMA. There is now €800 million available for SMEs loans through the main on lenders, AIB and Bank of Ireland. The appointment of an experienced board to provide strategic direction to the SBCI is the next important step in the project. I am delighted with the high caliber of candidates being appointed to the board and I would like to thank the Public Appointments Service for overseeing the selection process”.

Mr Conor O’Kelly, Chairperson of the SBCI, said:

“Today’s appointments by the Minister will bring a wide range of specialist SME and lending knowledge to the SBCI Board. Their expertise will be hugely valuable to the SBCI in its work to help SMEs with their financing and make it easier for them to support jobs and grow their business.”

View short biographies for the new SBCI board appointees here.