Speaking from Brussels she said: " I want to thank President von der Leyen for the trust she is placing in me.
"The focus now is on the next steps in the European Parliament and Council.
"The financial services portfolio cuts across all policy areas. It is fundamental to European citizens, businesses, SMEs, and how the EU recovers from the Covid-19 pandemic. The EU Green Deal will require sustainable finance to drive actions across all sectors of the economy.
"As an MEP for 16 years, I have seen at first-hand how the EU is a positive force for change. I have worked to strengthen cooperation between the EU institutions and to bring them closer to people."
"I want to thank An Taoiseach, Micheal Martin, Tanaiste Leo Varadkar and Green Party Leader Eamon Ryan for putting my name forward with Andrew McDowell, a person for whom I have great respect.
"I will now focus on preparing for the European Parliament hearing and will not be making any further comment", McGuinness added.
Editorial Comment: in the September edition of Finance Dublin, published this week.