IOB, a centre of excellence in the provision of specialist education to the financial services sector, has announced the appointment of Diarmuid Murphy as its new Director of Sustainability and International Markets.

Murphy’s new position as Director of Sustainability & International Markets will see him join IOB’s executive team where he will have responsibility for leading IOB’s extensive commitments to support ESG, culture, diversity, and inclusion within the financial services sector.

As part of this newly created role, Murphy will also spearhead the further growth of IOB’s offerings internationally.

The IOB say Murphy brings a wealth of experience in international central banking and sustainable finance policy development, having spent 23 years at the Central Bank of Ireland, working in both the central banking and prudential pillars.

Most recently, he completed a three-year secondment with the EU Commission, where he worked in the sustainable finance policy team of the Directorate-General for Financial Stability, Financial Services and Capital Markets Union (DG FISMA).

Prior to this, Murphy served as a Head of Function in the CBI’s International Banking division.

Within his time at the central bank, he also worked in the market operations area of the European Central Bank in Frankfurt, Germany, and several years at the International Monetary Fund in Washington DC, USA, focusing on central banking operations and crisis management.

Murphy also completed a fellowship at the Financial Stability Institute of the Bank for International Settlements in Switzerland.

He is a graduate of both the University of Limerick and Dublin City University, where he earned a Bachelor’s degree in Business Studies and a Masters in Investment and Treasury, respectively.

Murphy also teaches a comparative central banking module for an online Global Master’s programme in Central Banking and Financial Regulation at Warwick Business School, developed in collaboration with the Bank of England.

Speaking about his new role, Murphysaid: “IOB has contributed significantly to the skills development and growth of the financial services sector in Ireland, and I am very happy to join the team and support their mission.

“ESG and culture are a priority for all levels of the industry, and I look forward to building on IOB’s strong work and commitments in these critical areas.

“I am particularly excited to expand IOB’s reach in international markets, further underlining Ireland’s position as a global leader in financial services.”

Speaking about Diarmuid’s appointment, Mary O’Dea, Chief Executive of IOB, said: “Diarmuid’s appointment as Director of Sustainability and International Markets is very positive news for IOB and for our members.

“IOB has a unique and important role in supporting our transition to a green economy and in supporting good governance, culture, diversity and inclusion within the financial services industry.

“Diarmuid’s experience and expertise will help us to further develop and deliver our sustainability strategy and build on our growth internationally.

“I would like to warmly welcome Diarmuid to his new role and look forward to working with him as part of our strong and committed Executive Team.”

IOB offers a range of programmes for financial services professionals across ESG and culture, including Level 9 programs in Responsible and Sustainable Finance, and Leading Cultural Change and Ethical Behaviour.

Photo: Diarmuid Murphy the IOB's new Director of Sustainability and International Markets.