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Clarification: Charles Coyle

A report in The Punt column on September 16 noted that Nama executive Charles Coyle is leaving the agency to join property investment firm IRES Reit.

The reports states that there have been calls for a cooling-off period to apply in cases where officials leave the agency. For the avoidance of any doubt we are happy to clarify that Mr Coyle will take three months of garden leave between his last day working at Nama and taking up his new position.

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