Our Board has 10 directors. All are non-executive except for the Chief Executive. The Central Bank of Ireland approves the appointment of all directors.
Chief Executive - Deirdre Somers
Deirdre Somers is Chief Executive since June 2007. Having joined the ISE in 1995, Deirdre was Director of Listing where she was instrumental in establishing the ISE’s leading position internationally in listing investment funds and debt securities.
Deirdre also oversaw the establishment of two niche markets - the ESM, the ISE’s enterprise market which focuses on growth companies and GEM, a professional market for debt issuers. She is outspoken about the importance of the role of markets as a relevant and accessible funding source for issuers, particularly for high potential SME companies.
A Fellow of Chartered Accountants Ireland, Deirdre was elected President of the Federation of European Securities Exchanges (FESE) in June 2015. She also sits on the National Council of IBEC. She was Vice-President of FESE from 2010 – 2013 and is also a former Governor of University College Cork.
Chairman (Non-Executive) - Padraic O'Connor
| ||Padraic O'Connor is the Chairman of the ISE and also chairs the Senior Appointments and Remuneration Committee. He is a non-executive director of Rabobank in Ireland, JP Morgan Bank Dublin plc and a number of other companies. He was Managing Director of NCB Group between 1991 and 1999 prior to which he was Chief Economist at the firm. Before joining NCB, Mr O'Connor worked at the Department of Finance and the Central Bank of Ireland. He holds primary and postgraduate degrees in Economics from University College Dublin.|
4 Non-Executive Directors
Gary Britton was appointed as a Non-Executive Director in November 2012 and chairs the Audit Committee of the ISE. A Chartered Accountant, Gary is currently a member of the Board of the KBC Bank Ireland plc and the Cheshire Foundation of Ireland. He is a Fellow of the Institute of Chartered Accountants in Ireland and a graduate of Trinity College Dublin.
He joined KPMG in 1981 and was elected to the partnership in 1989. He served in a number of senior positions in KPMG including the firm’s Board, its Risk Committee and as head of the Audit Practice. He retired from KPMG in 2011.
Paul McNaughton was appointed as Non-Executive Director in April 2014 and has over 30 years’ experience in the banking and finance, fund management and securities processing industries. He acts as an advisor and non-executive director for several investment and other financial companies in Ireland including alternative and hedge fund entities.
Having worked with IDA (Ireland) for 10 years, he established Bank of Ireland’s IFSC funds business before joining Deutsche Bank to establish their funds business in Ireland. He was overall Head of Deutsche Bank’s offshore funds business, including their hedge fund administration business, before becoming Global Head of Deutsche Bank’s fund servicing business worldwide. He was the founding Chairman of the IFIA (Irish Funds Industry Association) and a member of the Irish Government Task Force on Mutual Fund Administration.
Kevin Murphy brings a wide range of quoted plc experience and knowledge of the investment management business to the ISE board where he chairs the Investment Committee. He is chairman of WK Nowlan REIT Management Limited and non-executive director of Legal and General International, Canada Life International Re and London Life and General Reinsurance. He worked for the Irish Life Group for over 40 years and retired as Group Chief Executive in 2013.
During his career he was also Chairman and Chief Executive of Irish Life Investment Managers. He has been chairman of the Irish Association of Investment Managers, President of the Irish Insurance Federation and President of the Society of Actuaries.
Dan Gallagher brings extensive legal and regulatory experience and expertise of international capital markets to the ISE board and his role as Chair of the Rules Committee.
He is President of Patomak Global Partners, a leading international consultancy firm on risk, compliance and legal matters. He also served as a Commissioner to the US Securities and Exchange Commission (SEC) from 2011 to 2015, following his appointment by President Barack Obama. He held previous roles in the SEC working in the Division of Trading and Markets and the Division of Enforcement of the SEC from 2006 to 2010 where he was on the front line of the SEC’s response to the financial crisis.
In addition to his distinguished record of public service, Mr Gallagher spent a number of years in the private sector, including as a partner in law firm WilmerHale and as General Counsel of Fiserv Securities.
4 Non-Executive Directors - Appointed by Shareholders
|Non-Executive Director||Appointed by|
J & E Davy
Investec Capital & Investments (Ireland)
Cantor Fitzgerald Ireland and Campbell O'Connor
Our Company Secretary is Brian Healy.
Brian Healy - Director of Traded Markets, Development, Operations
Brian Healy is Director of Traded Markets, Development, Operations with responsibility for the integrity, efficiency and development of the ISE’s markets for traded securities. He also oversees overall operations, finance, management of relationships with strategic partners and the ISE’s IT strategy. He is Company Secretary to the Group and subsidiary Boards.
Key external roles include chairmanship of the cross-industry Irish Market Advisory Committee of Euroclear Group plc and being a non-executive director of the Irish Investor Compensation Company. He is an active participant on behalf of Ireland’s capital markets in the development of securities law and market infrastructure in Europe.
He is a fellow of the Institute of Chartered Accountants in Ireland, a fellow of the Chartered Institute for Securities and Investment and is an Accredited Mediator.
Aileen O'Donoghue - Director of Strategy, Policy and Communications
Aileen O'Donoghue is Director of Strategy, Policy and Communications with responsibility for the development of the ISE's equity markets for existing and potential companies and overseeing ISE strategic planning. Her role also encompasses the management of the ISE’s corporate communications and the promotion of the ISE’s position on policy matters.
She is a member of the Board of Irish Auditing & Accounting Supervisory Authority (IAASA). She has participated on a number of national and international bodies including the National Economic and Social Forum, the Expert Group on Future Skills Needs, the National Training Advisory Council and Skillnets. Prior to joining the ISE in 2008, Aileen was a Director of Financial Services Ireland, the representative body for the Irish financial sector in IBEC. Aileen is the holder of an MBA from University College Dublin.
Gerard Scully - Director of International Primary Markets
Gerard Scully is Director of International Primary Markets with responsibility for the promotion and development of the ISE’s markets for international debt and investments funds. He joined the ISE in March 2004 and is currently a member of the ESMA Corporate Finance Consultative Working Group.
From 1987 until 1997 he worked in London as a legal advisor, including 6 years as legal advisor on derivatives and capital markets matters covering some of the first “euro” debt transactions. On his return to Ireland in 1997, Gerard worked in a variety of legal and compliance roles. Gerard is qualified as solicitor in Ireland, England and Wales.
There are three Board Committees - the Audit, Senior Remuneration and Appointments and Investment Committees.
Members of the Board Committees (294 KB)
Download the terms of reference for the three Board Committees and the four regulatory Working Group Committees
An outline of the four Regulatory Working Group Committees who deal with admission, rules, discipline and appeals