Seanad debates

Tuesday, 28 May 2013

3:25 pm

Photo of Lorraine HigginsLorraine Higgins (Labour) | Oireachtas source

I express my serious concern at the news that a senior official in the National Asset Management Agency, NAMA, who was responsible for managing some of the most indebted borrowers with the banks in this country has taken up a new job with a London based property investment firm just weeks after leaving his position with the agency. To have a senior NAMA official taking a position in a private property company raises serious questions about the judgment of the board of NAMA in allowing this to happen. It is clear that the individual in question would have had access to all property and loan values during his tenure with the agency and that he will be in a position to provide this information for a specific property company in the United Kingdom, in which he is now a partner. Mr. Paul Hennigan, in his position as a senior official in NAMA-----

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