Oireachtas Joint and Select Committees

Thursday, 9 July 2015

Public Accounts Committee

National Asset Management Agency: Financial Statements 2014

9:30 am

Mr. Brendan McDonagh:

It is not strange for people to try to hawk their services around, to try to get themselves into a position that they can be a middleman in terms of trying to buy and sell assets, or buy and sell loans. It is quite common, in the market, that people try to get what is called a promote fee for finding a transaction. Whether he had a second client or not, we will never know. As I said, I only became aware of this letter yesterday. Again, given what he said in the rest of the letter, he might be trying to put it out there that he had a bigger portfolio of clients than he actually had. I do not know, Deputy.