The Board of Supervisors of the European Insurance and Occupational Pensions Authority (EIOPA) has elected Ms Margarida Corrêa de Aguiar, President of the Portuguese Insurance and Pension Funds Supervisory Authority (Autoridade de Supervisão de Seguros e Fundos de Pensões (AFS)) and Mr Domhnall Cullinan, Director of Insurance Supervision at the Central Bank of Ireland (CBI) as Members of EIOPA’s Management Board.
Ms Corrêa de Aguiar assumes her role on 28 September, replacing Mr Frank Grund, Chief Executive Director of Insurance and Pension Funds Supervision at the German Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin)), who is retiring at the end of the year.
Mr Cullinan takes up the position on 15 November, replacing Mr Patrick Montagner, First Deputy Secretary General at French Prudential and Resolution authority (Autorité de Contrôle Prudentiel et de Résolution (ACPR)), who has concluded his second and final term.
Both appointments are for a period of two and a half years with the option to extend for an additional term.
Background
EIOPA’s Management Board consists of EIOPA’s Chairperson, six representatives of national supervisory authorities and a representative from the European Commission. Its role is to ensure that EIOPA accomplishes its mission and fulfils the tasks assigned to it.