Dáil Éireann Debate, Wednesday - 30 January 2013
65. Deputy Pearse Doherty asked the Minister for Finance the number of staff in the shareholder management unit in the Department of Finance; the full year cost of the SMU in 2012; and the budgeted full year cost in 2013. [4653/13]
View answer66. Deputy Pearse Doherty asked the Minister for Finance the number of staff in the Shareholder Management Unit who are seconded to the SMU from the National Treasury Management Agency; and if he will set out in bands of three months the number of secondees and their duration of secondment from the National Treasury Management Agency to the SMU. [4654/13]
View answer68. Deputy Pearse Doherty asked the Minister for Finance the number of persons working in the shareholder management unit in the Department of Finance who are not employees of the Department of Finance or secondments from the National Treasury Management Agency. [4656/13]
View answerI propose to take Questions Nos. 65, 66 and 68 together.
The number of staff in the SMU is 25. Of this number, 10 are on secondment from the NTMA and 10 are Department of Finance employees. The secondment of NTMA employees is not time limited as the NTMA Banking Unit was seconded to my Department for so long as is required by the Department to fulfil its functions in respect of the banking sector. The remaining staff in the SMU are on secondment from AIB. The term of their engagement finishes, on average, in May 2013. Nine NTMA employees were initially seconded to the SMU in August 2011. Additional secondments since then have been, at my request, to increase the number of staff in the SMU and/or replace staff who resigned from the NTMA. The costs of the SMU, borne by the Department of Finance in 2012 were €3.6m and the budgeted cost for 2013 is €4.2m.
