Insolvency Service board makes appointment

8th May 2024

The Insolvency Service board has announced it has appointed Lorcan O’Connor, founder and former leader of the Insolvency Service of Ireland as a non-executive member.

O’Connor, who founded the Insolvency Service of Ireland (ISI) in 2012, joined the UK’s Insolvency Service Board in April. The Board is the agency’s main decision-making body and is responsible for the long-term success of the agency O’Connor led the Insolvency Service of Ireland between 2012 and 2019.  The ISI is responsible for administering bankruptcy cases in Ireland and regulates personal insolvency practitioners. He is a chartered accountant, and currently the Group Chief Executive Officer of CIE, Ireland’s largest public transport operator.

O’Connor has extensive experience across different sectors within debt and business restructuring and corporate insolvency, including 15 years at Deloitte Restructuring Services, along with previous corporate governance and board experience.

Under O’Connor’s leadership, the Insolvency Service of Ireland introduced innovative alternatives to bankruptcy, based largely outside the court system.

Mark Austen, Chair of the Insolvency Service Board, said “We look forward to welcoming Lorcan O’Connor to the Insolvency Service Board. Having led the Irish Service he has much to contribute, especially in supporting the proposed UK reform programme of personal bankruptcy.”

Dean Beale, Chief Executive of the Insolvency Service, said “We are very pleased to welcome Lorcan to the Insolvency Service Board. His experience of corporate governance, leadership and vast knowledge of insolvency will bring valuable expertise to the Board. We are looking forward to working with Lorcan, and to the undoubted contribution he will make to support the governance of our agency.”

The board’s responsibilities include setting strategic aims and objectives and ensuring leadership and resources are in place to meet these aims. The Board also challenges and supports management performance and reports to the Department for Business and Trade (DBT).