Board of NAMA Announced

The Minister for Finance has today announced the names of the nine members of the NAMA Board. A few more “jobs for the boys” it seems

The chairman of the board will be Frank Daly, who was head of the Revenue Commissioners up until March 2009. He was recently working  as public interest director at Anglo Irish Bank.  Frank Daly was also very recently  Chairman of the Commission on Taxation  a position that paid €1,000 a day.

The other NAMA board members are:

Michael Connolly –  a former member of Bank of Ireland senior management team and current member of Financial Services Ombudsman Council since October 2008. (A five year post)

Willie Soffe –  Chairman of the Dublin Transportation Office (Paid €23,00 a year for 11 meetings) and former County Manager of Fingal County Council (Retred 2004)  Mr Soffe was also recently one of the members of the Commission on Taxation.

Eilish Finan –   an independent Consultant and Director in various Financial Services Industry sectors, as well as the former CFO of AIG Global Investments. Previously, Ms. Finan worked as an accountant in private practice with KPMG. She holds an Electronic Engineering Degree from Trinity College, Dublin and is a member of The Institute of Chartered Accountants in Ireland.

Peter Stewart –  Managing Director of O’Donovan Stewart & Company – a firm of chartered accountants and a Fellow of the Institute of Chartered Accountants in Ireland.
Peter is a vastly experienced financial consultant. He says has “experience as a public auditor, and internal auditor, a financial director and a director of a broad range of companies including a bank and an investment intermediary company”.

Brian McEnery is e of the founding partners of Limerick firm of Accountants & Business Advisors – Horwath Bastow Charleton.  Fellow of the Association of Chartered Certified Accountants (ACCA)  and a former president of ACCA. He is also the ” national adviser to Nursing Homes Ireland and regularly undertakes a variety of assignments on behalf of clients in the Healthcare sector”

Stephen Seelig –

· Mission chief for joint IMF-World Bank FSAP-Updates for Estonia and Georgia.

1 Article IV surveillance on Estonia, Germany, and Ireland.

2 Advisor in the Monetary and Capital Markets Dept. of the IMF Lead responsibility for financial sector restructuring in Uruguay during their banking crisis and Fund program.

3 Responsible for financial sector technical assistance to Indonesia and Georgia.