Wednesday 22 January 2020

Tight-lipped Honohan suddenly goes all shy

What has happened to the once-talkative and slightly-impish Central Bank governor, Professor Patrick Honohan?

Two days after the European Central Bank's (ECB) unprecedented €750bn bailout of the eurozone's most indebted countries, Prof Honohan's handlers told the Small Firms Association (SFA) to ban reporters who had been previously invited to an SFA event for the country's small businesses where the governor was speaking.

Those reporters who turned up anyway were unable to get a word out of the great man.

A day later, a version of his speech was published on the bank's website -- but not before the conspiracy theorists had gone into overdrive, worrying that our once media friendly and open Central Bank boss had been gagged by the ECB machine.

NAMA boys

AIB and Ernst & Young have supplied the latest recruits to NAMA's upper echelons with the appointment of Graham Emmett as head of lending and Frank O'Connor as head of treasury.

Mr Emmett joins NAMA after a stint with Ernst & Young where the Loughborough University graduate helped deal with the liquidation of the real estate loan book of Kaupthing Singer & Friedlander.

A varied career in the property business has seen him also work for real estate consultants Rankvale; Goldman Sachs, where he led the European real estate mezzanine teams; Delancey Estates, and Robert Fleming's UK property financing unit.

Mr O'Connor, an accountant and DCU graduate, has worked within AIB for the past 14 years in capital markets for BZ WBK in Poland.

Tunisia delight

There seems to be little stopping Petroceltic's Brian O'Cathain, one of the many graduates from the Tullow school of oil exploration.

Petroceltic's partner in Tunisia, Independent Resources, has recently revealed it plans to start drilling two wells in the Ksar Hadada region of the north African country where both companies hold joint interests.

Irish Independent

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