Mr. Frank Daly:

Yes, he has a skill set that is suitable for the board. The trigger for his appointment was that when the process of selling off IBRC commenced and NAMA was the backstop, the intention was if the loans were not sold we would take them on. For a time it looked like we would be actually doing that. At the time we had a vacancy on the board. The IBRC board had been dissolved and it seemed a good match or mix to have somebody from the former IBRC board who had been on it for a relatively short time. He was only there for two years.