Written answers
Tuesday, 18 September 2012
Department of Finance
NAMA Staff Transactions
Pearse Doherty (Donegal South West, Sinn Fein)
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To ask the Minister for Finance if any employees seconded by the National Treasury Management Agency to the National Asset Management Agency that have resigned from either organisation, and who have subsequently been engaged by organisations which have purchased property from NAMA, its receivers and developers or which have met with NAMA to express interest in the purchase of property. [38530/12]
Michael Noonan (Limerick City, Fine Gael)
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I am informed by NAMA that it does not, in all cases, have information on the identity of employers who recruited staff following their resignation from the Agency as some former staff have taken up employment overseas. However, in cases where NAMA has such information, NAMA is satisfied that no sales transactions have taken place between the entities involved and NAMA, its debtors or receivers appointed by it. The number of meetings between NAMA staff and entities involved in property financing, investment or development runs into hundreds per year. Many meetings between NAMA staff and external parties, of necessity, involve such parties expressing an interest in NAMA and its activities.
I am advised by NAMA that it has procedures in place restricting access to sensitive information between different business areas and within specific business areas. Access to such documents is restricted to essential personnel.
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