We need your help now
Support from readers like you keeps The Journal open.
You are visiting us because we have something you value. Independent, unbiased news that tells the truth. Advertising revenue goes some way to support our mission, but this year it has not been enough.
If you've seen value in our reporting, please contribute what you can, so we can continue to produce accurate and meaningful journalism. For everyone who needs it.
Sign in. It’s quick, free and it’s up to you.
An account is an optional way to support the work we do. Find out more.
By continuing, you are indicating that you accept our Terms of Service and Privacy Policy.
THE HEAD OF the country’s asset management agency will leave his job at the start of 2015.
John Corrigan will leave the National Treasury Management Agency (NTMA) on 4 January and will be replaced by Conor O’Kelly.
O’Kelly had previously served as Deputy Chairman of Investec Holdings.
Corrigan has been praised for his handling of the NTMA during the fiscal crisis, with Finance Minister Michael Noonan saying:
“I would like to thank John Corrigan for his leadership of the NTMA and for his counsel to me during an extremely challenging period in Ireland’s recent history.
The NTMA, under John’s leadership, has made a very significant contribution to Ireland’s recovery, most notably through the role it played in Ireland’s successful exit from the EU/IMF programme and in regaining access to the sovereign bond markets.
Conor O’Kelly had previously been Head of Fixed Income at NCB and worked for Barclay’s Capital in London, Tokyo and New York. He was welcomed to the role by Minister Noonan.
“I am very pleased to be able to appoint an individual of Mr O’Kelly’s calibre to lead the NTMA. The NTMA is a critical part of the State’s financial infrastructure and Mr O’Kelly and the new NTMA Board will have a central role to play as Ireland builds on its recovery in the coming years.”
To embed this post, copy the code below on your site
….with a big fat wad of taxpayers money …
So what? He’s as entitled to his pension as anyone else.
Everybody should work for free.
probably a nice property portfolio aswell….
Off he goes…on to the next quango.
Tony, which quango is he going to?
Water
Take your pick David..he’s in Noonan’s good books so it won’t be an issue
Meet new boss….same as old boss
I thought this was about the Model agency. I hoping Georgia Salpa was in the market for a new manager!
So another government clone retires from one position, in another job very soon and he is replaced by another clone. It’s a corruption never ending cycle.
Do you put out these stories just to annoy and frustrate your readers.
It’s only you getting your back up about this story so far.
Care to enlighten us as to what’s corrupt about this? That’s a fairly serious allegation to be throwing about with no evidence to back it up.
Your name is very accurate. Naivety
Starting Monday Morning in Irish Water
I’m mad as hell about this. I’m not sure why, but give me a while and I’ll come up with something. I guarantee that, whether it fits or not, I’ll shoehorn the word “elites” into my post.
Ermmm…Corrigan was head of the Debt Management Agency. That’s the one in charge of borrowing. Unless you’re Brian Lucey, that should be the polar opposite of asset management.
Then again, in a world where Ruth Coppinger wants to nationalise both Dell, and the few banks where the State hasn’t been stuck with 99%+ of two of them (at humungous cost to the taxpayer), I shouldn’t be surprised.
Will we have a second Budget, to cover his pension/payoff?
have your say