Ministerial Appointments

Dáil Éireann Debate, Wednesday - 22 February 2012

Wednesday, 22 February 2012

Ceisteanna (32)

Brian Stanley

Ceist:

32 Deputy Brian Stanley asked the Minister for Finance if he intends to appoint someone from a company (details supplied) to the National Asset Management Agency, NAMA, advisory board; if he will outline if such an appointment will be made from the advisory company or the investment company; if he believes a conflict of interest will arise as a result of someone from this company being on the NAMA advisory board and this company subsequently purchasing assets in NAMA; and if he will make a statement on the matter. [9971/12]

Freagraí scríofa

Minister for Finance (Deputy Michael Noonan)

I have appointed Mr Michael Geoghegan to chair a small group of advisors to advise me on the future strategic direction of NAMA. Mr. Geoghegan has agreed to carry out his role on a pro bono basis. I am currently considering the names of potential candidates who have the appropriate experience and background to work effectively as members of the group of advisers with Mr Geoghegan. I expect to announce the other members shortly. At that stage, I will also announce the group's terms of reference, as well as its reporting framework and arrangements in relation to costs.