Oireachtas Joint and Select Committees

Tuesday, 22 November 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. Patrick Long:

Yes, indeed. There were actually several other examples of the same thing happening within this process. For example, two of PIMCO's other advisers, namely Cushman and Wakefield and New River Retail, also found new clients following PIMCO's withdrawal. So Cushman and Wakefield ended up working with Fortress and New River Retail ended up working with Cerberus. That is actually relatively commonplace.

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