Oireachtas Joint and Select Committees

Tuesday, 25 October 2016

Public Accounts Committee

Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed)

10:00 am

Mr. Alan Stewart:

I would have reported it to my manager, who is the head of legal. PIMCO had made its decision to withdraw by the time we had given the board feedback. We are talking about a former member of the Northern Ireland advisory committee. The issue of a success fee could not arise unless PIMCO was staying in the process. The view we would have had was that if PIMCO was out of the process, no potential success fee could arise and, therefore, there could be no-----

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