Wednesday 21 March 2018

Nolan sisters in the mood for banking

Harry Leech

THE Nolan Sisters may have been "in the mood for dancing" during the recessionary Eighties, but a new Nolan duo are "in the mood for banking" their way through our current financial travails.

Ann Nolan, the second secretary at the Financial Management Services Division, which is responsible for regulation of the financial services sector, is the sister of Helen Nolan, group company secretary at the BoI Group.

Ann moved to the Financial Services Management Division in 2008, where she had special charge of the National Asset Management Agency. A year later her big sister Helen was appointed group company secretary of Bank of Ireland, in which the State owns a 36 per cent stake.

The Department of Finance acknowledged that "given Ms [Ann] Nolan's role, she would of course have interactions and advice on decisions relating to all of the Irish Financial Institutions" including Bank of Ireland, but that she had "made her relationship to Helen Nolan known to her superiors" on her appointment.

However, Bank of Ireland refused to confirm whether their group company secretary was any relation to the Department of Finance bigwig, saying that "as a matter of policy Bank of Ireland does not comment on personal questions in relation to our employees".

Sunday Independent

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