Written answers
Tuesday, 16 October 2012
Department of Finance
National Treasury Management Agency Staff
Kevin Humphreys (Dublin South East, Labour)
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To ask the Minister for Finance the number of staff members in the National Treasury Management Agency and its constituent bodies that are on secondment from the private sector or publicly controlled financial institutions whether bank or insurance company; if he will list their current duties; the institution or business from which they transferred; their previous duties before secondment; how the NTMA controls for conflict of interest; and if he will make a statement on the matter. [44340/12]
Michael Noonan (Limerick City, Fine Gael)
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The following table details the staff members of the National Treasury Management Agency who are on secondment from the private sector:
| Organisation / Business Unit | Number of Staff on Secondment | Institution on Secondment from: | Current duties within NTMA | Previous Duties before Secondment |
|---|---|---|---|---|
| NAMA | 1 | KPMG | Provision of specialist tax services to NAMA. | Prior to secondment, the duties of the secondee included the provision of tax advisory services to the firm’s clients. |
1 | McCann Fitzgerald | Provision of specialist legal services to NAMA. | Prior to secondment, the duties of the secondee included the provision of legal services to the firm’s clients. | |
3 | Grant Thornton | Provision of specialist accountancy services to NAMA. | Prior to secondment, the duties of the secondees included the provision of accounting and transactional services to the firm’s clients. | |
| NTMA Legal Unit | 1 | A&L Goodbody Solicitors | Provision of legal advice to the NewERA Unit. | Associate within Projects and Construction Department. |
With regard to control procedures concerning conflicts of interest, secondees sign an undertaking that they will comply with the NTMA’s Code of Practice on Confidentiality and Professional Conduct for Secondees. This document deals inter alia with the secondees’ obligations in respect of the disclosure of conflicts of interest. In the event that they find themselves in a position of actual or potential conflict of interest or where there might be a perception of bias or where their impartiality or professionalism in carrying out their obligations may be potentially affected, they are required to disclose the existence of the conflict of interest or any related issue in writing to the Head of the Business Unit to which they have been assigned. Periodic training is undertaken on the obligations contained in the Code of Practice.
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