Written answers

Tuesday, 7 June 2011

Department of Finance

National Asset Management Agency

9:00 pm

Photo of Kevin HumphreysKevin Humphreys (Dublin South East, Labour)
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Question 97: To ask the Minister for Finance if he will provide an itemised list of all bonuses paid to staff of the National Asset Management Agency since its establishment; and if he will make a statement on the matter. [14169/11]

Photo of Michael NoonanMichael Noonan (Limerick City, Fine Gael)
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All officers of NAMA, including the Chief Executive Officer, are employees of the National Treasury Management Agency. I am advised by the NTMA that the remuneration packages of all NTMA staff are negotiated on an individual contract basis and are confidential. During the appearance of the Chairman and the Chief Executive Officer of NAMA before the Committee of Public Accounts on 13 January 2011, the Committee was informed that the salary of the Chief Executive Officer of NAMA was €430,000 per annum with a maximum bonus of 60% of salary. I am advised by the Chairman of the NTMA Advisory Committee that the Chief Executive Officer of NAMA waived his bonus for the year 2010.

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