NTMA appoints Frank O’Connor as new Chief Executive

21 December 2021 - The Board of the National Treasury Management Agency (NTMA), following consultation with the Minister for Finance, has appointed Frank O’Connor as the Agency’s new Chief Executive.

The appointment is for a 5-year term and will take effect on 1 July, when the outgoing Chief Executive, Conor O’Kelly, steps down from the position.

Mr. O’Connor was selected following a publicly advertised recruitment process that involved both internal and external candidates.

Mr. O’Connor is currently Director of Funding and Debt Management. Prior to joining the NTMA in 2010, he held a range of executive and senior management roles, including the Head of Trading in AIB’s Primary Dealer Bond Unit in the late 1990s and from 2004 to 2010 as Head of Wholesale Treasury, Bank Zachodni WBK (now Santander) based in Warsaw, Poland.

NTMA Chairperson Maeve Carton said:

“Frank brings an exceptional combination of strong financial markets experience, developed both in Ireland and internationally, and deep knowledge of the Agency and its wide range of specialist mandates to manage assets and liabilities on behalf of the State.

As Director of Funding and Debt Management and a member of the Agency’s Executive Management Team, Frank has played a prominent role in the development of the NTMA over the past 11 years. His responsibilities included supporting Ireland’s return to Bond markets including extensive engagement with Ireland’s overseas investor base and global rating agencies as well as managing and oversight of the €14bn Ireland/Apple Escrow Fund.

Over the coming months, Frank will work closely with outgoing Chief Executive, Conor O’Kelly to ensure an orderly transition, and to build on the great work done by Conor in leading the NTMA successfully for the past 7 years and in particular since the onset of the Covid pandemic. On behalf of the Board, I wish Frank every success as Chief Executive."

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