Patrick Brady, Director of Policy and Risk, has resigned his position at the Central Bank.

He will remain with the Central Bank until 31 December 2014.

Governor Patrick Honohan said: ‘We are sorry to be losing Patrick Brady as Director of Policy & Risk and as a member of the senior leadership team later this year. His contributions have been highly valued by me and the rest of the management team.’

Mr Brady joined the Central Bank in 2000, and for the last four years has been a member of the Central Bank senior management team. 

He will complete his current responsibilities on 31 July and from 1 August will step away from all activities that might give rise to potential conflicts of interest.