Oireachtas Joint and Select Committees

Thursday, 22 November 2012

Public Accounts Committee

2011 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 2 - Government Debt
Chapter 4 - National Pensions Reserve Fund
Chapter 25 - Accounts of the National Treasury Management Agency
National Treasury Management Agency - Financial Statements 2011
National Pensions Reserve Fund Commission - Financial Statements 2011

10:50 am

Photo of Derek NolanDerek Nolan (Galway West, Labour) | Oireachtas source

My understanding of the way the personnel structure works in these transition management companies is that entire groups of transition managers leave one company and go to another one. I think that is what happened in the case of State Street. An entire office was head-hunted and moved over. Is the NTMA satisfied that the individuals who may have been responsible for the transition 14 incident were not involved in other transactions at Citigroup or other institutions with which the NTMA was doing business?

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