Oireachtas Joint and Select Committees

Thursday, 20 November 2014

Public Accounts Committee

2013 Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 22 - Courts Service

11:40 am

Mr. Sean Quigley:

It means we are retaining State Street for the investment management but we want to ensure, to avoid doubt, that there is segregation of duties within the arrangement. We do not have State Street doing the custodian work and administration, which is a separate element from the investment management. It was not that we had any particular concerns but we said that if could leverage this we would do it. We are in a process of doing that.