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NAMA Board Appointments

Dáil Éireann Debate, Tuesday - 23 April 2013

Tuesday, 23 April 2013

Questions (224)

Pearse Doherty

Question:

224. Deputy Pearse Doherty asked the Minister for Finance the reason he did not advertise the vacancy on the National Asset Management Agency board before deciding to appoint a person (details supplied) to the position of board member as announced by him on 5 April 2013; and if he considers the notification of vacancies on the NAMA board by his Department in February 2012 with a closing date for expressions of interest of 6 March 2012, sufficient to optimize the current pool of potential candidates from which to make an appointment to the board. [18479/13]

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Written answers

Mr. Ellingham was appointed to the board of NAMA as he has significant international experience in finance as well as his experience as a member of the board of IBRC. His experience as a board member of IBRC, since October 2011, will prove invaluable to NAMA as they acquire loans from IBRC following its liquidation.

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