Oireachtas Joint and Select Committees
Thursday, 3 September 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Mr. David Went:
Oh, yes, I'm not disputing that. However, we always ... we took a very cautious approach to that. We decided that, you know, we did not have all the skills necessary to enter into that business, so we entered into a joint venture with Merrill Lynch, where the financial risk was 50:50 split.
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