Govt fills four senior Nama roles

The Government has filled four senior roles within the National Asset Management Agency as the State's bad bank prepares to take receipt of the first loans from financial institutions.

Among the four new NAMA executives are former Ulster Bank head of credit and risk Ronnie Hanna - who will assume the same role with the State agency - and property specialist John Mulcahy who is on secondment to Nama from consultants Jones Lang LaSalle.

Loans from the 10 largest property developer clients of the banks are due to be transferred to Nama by the end of the week but that deadline could be missed as the Government still awaits approval from the European Commission to proceed.