Sunday 17 December 2017

PR firm that represents NTMA/Nama paid almost €3,000 a week

Ray Gordon of Gordon MRM
Ray Gordon of Gordon MRM

Gordon Deegan

The Minister for Finance has confirmed that the PR firm that represents the National Treasury Management Agency (NTMA) and the National Asset Management Agency (Nama) last year received fees totalling just under €3,000 per week.

New figures provided by Minister Michael Noonan in a written Dáil reply to Fianna Fáil's Michael McGrath show that the NTMA and Nama last year paid Dublin firm Gordon MRM €151,992 (ex-Vat) and this represented a decline on the €177,959 paid out in 2015.

The 2016 amount also represented a decline on the €165,059 paid out to the firm in 2014 and followed €159,826 the NTMA and Nama paid to the firm in 2013. The Dublin firm's contract with the NTMA/Nama continues until January 2018.

Gordon MRM work carried out on behalf of Nama accounted for €79,995 of the NTMA fees last year.

Gordon MRM was established in early 2009 by Ray Gordon and a number of colleagues.

The firm's growing client list include the Irish Stock Exchange, Permanent TSB group holdings plc, Irish Medical Organisation (IMO) and Jazz Pharmaceuticals.

The firm recently secured a lucrative contract to provide public relations service to the Government for the flotation of AIB, in conjunction with London-based Citigate Dewe Rogerson.

The firm's latest accounts show that the firm's staff are well rewarded for their work. Salaries for six personnel made up of five PR consultants and one administrative staff member increased from €719,550 to €771,769 in the 12 months to the end of February 29 last.

The €771,769 includes pay to the firm's two directors, including Mr Gordon, that last year increased from €425,128 to €477,497.

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