Senior executive appointments at NAMA

10 February 2010 – The National Treasury Management Agency is pleased to announce the following senior appointments at the National Asset Management Agency. The National Asset Management Agency operates as an independent commercial entity under the aegis of the NTMA.

Head of Portfolio Management

John Mulcahy has been appointed Head of Portfolio Management. John has been on secondment from Jones Lang LaSalle (“JLL”) to the NTMA in the role of Interim Head of Portfolio Management since June 2009. John has worked with JLL since 1970.

Head of Credit and Risk

Ronnie Hanna has been appointed Head of Credit and Risk. Ronnie has worked with Ulster Bank in a variety of roles since 1980. Most recently he has held the role of Head of Global Restructuring Group NI and prior to that Head of Credit Risk NI within Ulster Bank. Ronnie is a graduate of Queen’s University Belfast and a Fellow of the Institute of Bankers.

Head of Legal & Tax

Aideen O’Reilly has been appointed Head of Legal & Tax. Aideen has worked as Senior Legal Adviser with the NTMA since 2002 where she has been responsible for the provision of legal services to the NTMA, National Pensions Reserve Fund and State Claims Agency. She is a graduate of University College Dublin and Queen’s University Belfast.

Head of Business Services

Seán Ó Faoláin has been appointed Head of Business Services. Sean has worked in a variety of roles with the NTMA since 1991, including management of the foreign currency debt and the start-up phase of the State Claims Agency which operates within the NTMA.

Frank Daly, Chairman of the National Asset Management Agency, welcomed the appointments on behalf of the Board and Brendan McDonagh, Chief Executive said that the individuals appointed will play a key role in managing the National Asset Management Agency.