Saturday 20 December 2014

NAMA appointment 'an asset'

Published 27/06/2014 | 02:30

Minister for Finance Michael Noonan
Minister for Finance Michael Noonan

Finance Minister Michael Noonan has defended his decision to appoint an individual with links to Fine Gael to the board of the National Asset Management Agency (NAMA).

He admitted it was not made via a public appointments process. Mari Hurley was appointed to the board of the toxic loans agency in April for a five-year term.

She has been a long-time party activist.

"I appointed Ms Hurley to the Board of NAMA on the 8th of April as I felt she has significant experience in finance at both a senior management and board level, which will make her an asset to the board of NAMA," Mr Noonan said, in response to a parliamentary question from Independent TD Stephen Donnelly.

NAMA chairman Frank Daly was also forced to defend the appointment before the Public Accounts Committee last month.

According to NAMA's annual report, Ms Hurley is the chief financial officer of Web Reservations International and was previously finance director of the Sherry FitzGerald group. She is also a Bord Gais director.

Although she was not named personally during a Dail Public Accounts committee hearing, NAMA chairman Mr Daly told TDs she was upfront about her link to Fine Gael and said it was his understanding that she was not active within the party.

Irish Independent

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