The National Treasury Management Agency (NTMA) has appointed Frank O'Connor as the agency's next Chief Executive, following consultation with the Minister for Finance.

The appointment is for a five-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.

He is currently Director of Funding and Debt Management at the NTMA.

Before joining the agency 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.

From 2004 to 2010, he was Head of Wholesale Treasury, Bank Zachodni WBK (now Santander) based in Warsaw, Poland.