Nama investor in row with UK watchdog

Michael Keeley, a senior partner in Walbrook Capital, which has taken a 17% stake in the National Asset Management Agency Investment Ltd (Namail) was embroiled in a standoff between the UK Financial Services Authority and Barclays Bank in 2011.

Barclays sold over $12bn in toxic assets to Cayman Island-based firm Protium in 2009. However, Barclays also loaned Protium the money to buy these assets. Mr Keeley was one of the senior executives in Protium.

The British financial regulator heavily criticised the transaction, which was unwound at the beginning of 2011.