Catherine Murphy (Kildare North, Social Democrats) | Oireachtas source

I thank the Chairman. The witness sees how tight the time is, so I would appreciate if his answers could be quite short as well as to the point. I think NAMA was described as the biggest property entity in the world at one point, so big firms would have been aware of it and NAMA would have been aware of the very big firms that are likely to buy the big portfolios. That would be true. Between 2013 and 2015, there were just four firms that acted for the bulk - nearly 90% - of sales, or purchases, with a par value of more than €1 billion, yet none of those four firms featured in the first list for Lazard. Why would that be the case?