Pearse Doherty (Donegal South West, Sinn Fein)
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To ask the Minister for Finance if he will quantify the fees paid by the National Asset Management Agency for the recruitment of staff in 2011 and for the nine months ending 30 September 2012. [42679/12]

Michael Noonan (Limerick City, Fine Gael)
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I am advised that the National Treasury Management Agency (NTMA) has incurred recruitment costs in respect of employees assigned to the National Asset Management Agency (NAMA) of €316,000 during 2011 and €197,000 for the nine months ending 30 September. Such recruitment costs include fees paid to recruitment agencies, pre-employment medical tests and psychometric testing, and advertising. The NTMA and NAMA have sought to minimise recruitment costs through the direct advertisement of staff vacancies on their websites. Under Section 42 (4) of the National Asset Management Agency Act, NAMA is required to reimburse NTMA for the costs incurred including the recruitment and assignment of staff to NAMA.