Bonuses needed for key staff, says Nama chairman

Bonus payments may be needed to retain key personnel at Nama, according to the agency’s chairman, Frank Daly.

The Nama board is so concerned about keeping staff it has been in discussions with Finance Minister Michael Noonan.

“It would be in the form of a look-back after-the- event payment, not an immediate bonus payment,” said Mr Daly. “The payment would be long term and focused on retention and performance that will be evaluated in the years ahead.”