Business Irish

Saturday 21 October 2017

'Bad bank' chiefs appointed

State-run "bad bank" the National Asset Management Agency (NAMA) unveiled some of its senior executive team today.

Estate agent John Mulcahy, who has worked with Jones Lang LaSalle (JLL) since 1970, has been appointed head of portfolio management.

The property specialist has been advising NAMA bosses for the last year.

Former Ulster Bank executive Ronnie Hanna, who worked with the finance house since 1980, will take control of the agency's credit and risk division.

NAMA chairman Frank Daly welcomed the appointments.

Two other executives were named - Aideen O'Reilly, former legal adviser with the National Treasury Management Agency (NTMA) has been appointed head of legal and tax, and former NTMA official Sean O'Faolain has been appointed head of business services.

Press Association

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