Commission

The members of the National Pensions Reserve Fund Commission are appointed by the Minister for Finance. Under the National Pensions Reserve Fund Act, the Minister may only appoint people with substantial expertise and experience at a senior level in a number of specified areas as follows:

  • investment or international business management,
  • finance or economics,
  • the law,
  • actuarial practice,
  • accountancy and auditing,
  • the Civil Service,
  • trade union representation,
  • the pensions industry,
  • consumer protection.

The Commission controls and manages the Fund with discretionary authority to determine and implement the Fund's investment strategy.

The members of the Commission are:

  • Mr. Paul Carty - Chairperson
    Financial Consultant, and former Managing Partner, Deloitte & Touche, Ireland.
  • Mr. John A. Canning Jr.
    Chairman of Madison Dearborn Partners LLC.
  • Dr. Brian Hillery
    Chairman of Independent News & Media plc.
  • Mr. Maurice Keane
    Company Director and Retired Group Chief Executive, Bank of Ireland.
  • Mr. Knut N. Kjaer
    Former President of RiskMetrics Group and Former CEO of Norges Bank Investment Management.
  • Prof. Frances Ruane
    Director of the Economic and Social Research Institute (ESRI).
  • Mr. John Corrigan
    Chief Executive, National Treasury Management Agency (ex-officio member).