Finance Minister Charlie McCreevy has proposed Michael G Tutty as Ireland's nomination as a candidate to sit on the executive Board of the European Central Bank.
Tutty (58) is the current Vice President of the European Investment Bank (EIB) and former second secretary general in the Department of Finance.
A position with the ECB will become vacant in the coming months when the term of D Solans expires.
While working in the Department of Finance, Tutty was responsible for budget and economic matters.
Prior to that, he was assistant secretary in the Department of Finance with responsibility for European Union co-ordination, exchange rate policy, banking legislation and financial supervision policy.
He is also a former member of the EU's Economic & Financial Committee and Chairman of the Alternates of the EU Monetary Committee.
Mr McCreevy said that while it is likely that other EU member states would also wish to make nominations, he believes that Mr Tutty is an excellent candidate who more than fulfils the requirements for appointment to the Executive Board of the European Central Bank.
Tutty has a Master's Degree in Economic Science from University College Dublin, together with a Bachelor's Degree in Commerce also from UCD. More recently, he secured a Master's Degree in Strategic Management in the Public Sector from the University of Dublin (Trinity College).