Michael D'Arcy was appointed CEO of the Irish Association of Investment Managers, effective next month, a spokeswoman said.
Mr. D’Arcy will replace Regina Breheny, who is retiring.
He will reset the association's priorities given changes to financial services as a result of Brexit and will expand IAIM's presence to help promote Ireland as a location for money managers. Mr. D'Arcy will also be responsible for leading IAIM's contribution to industry discussions around sustainability issues.
"The industry is growing exponentially in Ireland, and our expectation is for this trend to continue," said John Corrigan, chairman of IAIM, in a news release. "Ireland is one of the world's leading centers for investment management, and the industry is uniquely positioned to play an integral role in the economic and social recovery post-COVID-19." However, the association needs to ensure that regulation, policies and industry views in Ireland are cohesive and support potential growth, Mr. Corrigan said.
IAIM members manage more than €1 trillion ($1.18 trillion) in assets.
Mr. D'Arcy was minister of state at Ireland's Department of Finance with responsibility for financial services until this year.