NAMA Interim Boss Named

Brian Lenihan , Finance Minister, has named Brendan McDonagh, a director at the National Treasury Management Agency (NTMA), as interim managing director of  the National Asset Management Agency (Nama).

Mr McDonagh, who is director of finance, technology and risk at the NTMA, has been assisting on the development of the Nama plan. The Minister said Mr McDonagh would be assisted by “a high-level advisory committee to be named shortly”

Mr McDonagh’s appointment is likely to be confirmed when legislation establishing Nama comes into effect later this summer. The board of the agency is expected to be chaired by an independent figure known internationally.

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Originally from Killorglin, Co Kerry, Mr McDonagh (41) was NTMA financial controller from 1998 to 2002.