Management Team

Image of a management team

Brendan McDonagh – Chief Executive Officer

Mr. McDonagh was appointed Chief Executive Officer of NAMA by the Minister for Finance in December 2009. Prior to that, he was the Director of Finance, Technology & Risk at the NTMA from 2002 until 2009 and held the post of NTMA Financial Controller from 1998 to 2002. Mr. McDonagh joined the NTMA in 1994 from the ESB, Ireland’s largest power utility, where he worked in a number of areas including accounting, internal audit and treasury.

The Chief Executive Officer, in conjunction with the Board, has overseen the development of NAMA from its initial inception. He has overall responsibility for the direction, management and implementation of the Agency’s wide-ranging activities in pursuit of its statutory objectives.  The CEO is an ex-officio member of the Board.

Connor Owens – Head of Asset Management & Recovery

Mr. Owens is a Fellow Chartered Accountant with extensive real estate and banking experience. A graduate of Trinity College Dublin, Mr. Owens began his career with EY in Dublin before joining UBS in London and subsequently the structured real estate finance unit of KBC Bank. Mr. Owens joined NAMA in 2012.

The Asset Management and Recovery Division is responsible for maximising recovery from real estate backed loans, through intensive management and phased deleveraging. It also works with debtors, receivers and joint venture partners so as to identify, develop and manage secured assets where value can be added and future cashflow enhanced, thus supporting the achievement of NAMA's wider strategic objectives.

John Collison – Head of Residential Delivery

Mr. Collison has more than 20 years’ experience in the banking industry.  Prior to joining NAMA in February 2011, he worked in a variety of business development and credit risk management roles, initially in AIB and First Active.  He also worked in Ulster Bank in Dublin for 6 years mainly in Real Estate Finance and Corporate Banking and most recently as Head of European Property Finance.  He holds a MBA from Manchester Business School.

The Residential Delivery Division is primarily responsible for the intensive management of residential sites securing NAMA’s loans in order to facilitate the delivery of new residential units in line with NAMA’s strategic objectives.  The division works closely with debtors and receivers in relation to all aspects of the residential delivery process, including seeking planning permission, assessing the commercial viability of residential development projects and funding unit construction.

Seán Ó Faoláin – Head of Strategy and Communications

Mr. Ó Faoláin has worked in a variety of roles with the National Treasury Management Agency since 1991, including management of Ireland’s foreign currency debt and the start-up phase of the State Claims Agency. He is a graduate of NUI, Galway and Trinity College, Dublin.

The Strategy and Communications Division is responsible for the ongoing evaluation and development of NAMA’s strategy to ensure continued focus on the best achievable outcome for the Agency and the taxpayer.  The Division undertakes regular formal reviews of NAMA’s strategy and develops and implements new product initiatives.  The Division also has overall responsibility for the Agency’s communications strategy.

Alan Stewart – Chief Legal Officer

Mr Stewart is a Solicitor and a graduate of Trinity College Dublin. Mr. Stewart trained and worked for a number of years in practice with Matheson Ormsby Prentice (now Matheson) in Dublin.  He then worked as a legal adviser with a large Australian law firm, before taking up a role as an in house solicitor with ACC Bank plc. In 2010, Mr. Stewart joined NAMA as an in house legal adviser.

The Legal Division is an independent adviser to the Board, CEO and to NAMA business divisions across the full spectrum of legal issues that affect NAMA and its operations.

Noelle Condon - Chief Financial Officer

Ms. Condon is a Fellow Chartered accountant with over 20 years experience in banking and real estate.  A graduate of University College Dublin, she trained with KPMG prior to holding roles in Finance and Regulatory Affairs with KBC Bank Ireland. Ms. Condon joined NAMA as Head of Finance in 2015 and is experienced in all areas of the Chief Financial Officer Division.

The CFO Division has wide ranging administrative and strategic responsibilities, and incorporates the Finance, Systems, Operations and Audit & Risk functions.