Mr. Eugene O'Callaghan:

The team members have a varied background, in a broad sense they are investment managers, so they have all managed assets across all asset classes, equities and bonds, private equity, real estate and so on. Typically investment managers would have strong financial backgrounds, a number would have an accounting or legal qualifications. Within our team we do not have anybody with pure economics, but we have supplemented our resource on two fronts, by working with the various Department and agencies and with external consultant to help us develop an economic impact framework. This was an economics oriented activity with a high level of economics expertise. Our role will be to apply the framework that is being developed with very strong economic credentials. We work very closely with the economics unit within the NTMA. It is involved, not on an investment by investment basis but in terms of the process and how to interpret the various guidelines we are seeking to implement in practice.