Nama starts 'root-and-branch review' of operations

The National Asset Management Agency has started a “root-and-branch review” of its operations as part of a planned restructuring.

Documents released following a Freedom of Information request show the Nama board has opted for the review of its budget and costs.

The minutes of the agency’s ‘Strategy Away Day’ meeting in March at the Herbert Park Hotel in Dublin reveal that agency’s chief financial officer Donal Rooney put forward two downsizing options. He presented a paper, as Nama continues to sell down assets.