‘No conflict of interest’ in Nama appointment

Finance Minister Michael Noonan has stated that no conflict of interest arises from former Nama executive John Mulcahy joining the board of Irish property pension fund IPUT.

Mr Mulcahy is the former head of asset management in Nama and is to join IPUT (the largest growing property pension fund in Ireland) next month.

In a written Dáil response to Stephen Donnelly (Ind), Mr Noonan stated that Mr Mulcahy “has assured my officials that he is fully aware of and remains bound by the ethical obligations arising from his position with Nama as well as his own high professional standards”.