The European Securities and Markets Authority (ESMA), a European regulator, issued an update regarding its management board today. ESMA confirmed that two members of the board have been re-appointed and one new member has been appointed.
The new appointee is Derville Rowland, Director General of Financial Conduct at the Central Bank of Ireland. Rowland’s appointment to the board, which will be made official on June 1st, comes as a result of Klaus Kumpfmüller’s departure. Kumpfmüller had been on the board since his appointment in 2013.
ESMA in experienced hands
Rowland has been in the regulatory game for almost fifteen years. She joined the Central Bank of Ireland in 2004, having previously worked in London as a barrister.
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Upon joining the central bank, she worked as a senior lawyer, a position she held for six years. In 2010, Rowland became Head of Enforcement, leading a large-scale team that was responsible for investigating and bringing enforcement cases.
After three years in that position, she was promoted to be Director of Enforcement. This meant that she was responsible for all of the central bank’s enforcement activities.
Since September 2017, Rowland has been working in her current role as Director General of Financial Conduct. She is responsible for the central bank’s regulation, including consumer protection and markets conduct rules.
Two other members of the board will maintain their positions having both served two and a half year terms already. Elisabeth Roegele, Chief Executive Director for Securities Supervision with the Bundesanstalt für Finanzdienstleistungsaufsicht, a German regulator, and Gabriela Figueiredo Dias, from the Portuguese omissão do mercado de valores mobiliários, will both continue in their roles until the end of 2020.