Nama manager puts family property firm stake into trust - Louise McBride & Nick Webb → independent.ie/business/iris … 37049.html
A portfolio manager in Nama has moved his 30 per cent stake in a property consultancy which works for the State bad bank into trust.
there is more
slasher
September 23, 2012, 9:23am
2
I presume the past tense wouldn’t make such a sensational headline…
I think this is a very big story. up there with other recent NAMA ones.
Nama are typically vague
A spokesman for Nama said that before taking up a position, an employee “is required to provide a statement of his or her interests, assets and liabilities and to update such a statement in the event of a material change.”
So, was this on his statement of interests at his time of joining or not?
The family firm can grow fat on NAMA work and then the shares come out of trust when he leaves? FFS
BlameGame:
I think this is a very big story. up there with other recent NAMA ones.
Nama are typically vague
A spokesman for Nama said that before taking up a position, an employee “is required to provide a statement of his or her interests, assets and liabilities and to update such a statement in the event of a material change.”
So, was this on his statement of interests at his time of joining or not?
The family firm can grow fat on NAMA work and then the shares come out of trust when he leaves? FFS
Just to close the circle on this fiasco, I spotted this yesterday
namawinelake.wordpress.com/2012/ … es-agency/
irishtimes.com/newspaper/com … 98725.html
Kevin Nowlan (MRICS, MBA) is to return to his former employer after three years with Nama as a senior portfolio manager.
He will be returning to his former role as managing director of WK Nowlan +Associates, the leading Irish property asset managers.