THE HEAD OF the country’s asset management agency will leave his job at the start of 2015.
John Corrigan will leave the National Treasury Management Agency (NTMA) on 4 January and will be replaced by Conor O’Kelly.
O’Kelly had previously served as Deputy Chairman of Investec Holdings.
Corrigan has been praised for his handling of the NTMA during the fiscal crisis, with Finance Minister Michael Noonan saying:
“I would like to thank John Corrigan for his leadership of the NTMA and for his counsel to me during an extremely challenging period in Ireland’s recent history.
The NTMA, under John’s leadership, has made a very significant contribution to Ireland’s recovery, most notably through the role it played in Ireland’s successful exit from the EU/IMF programme and in regaining access to the sovereign bond markets.
Conor O’Kelly had previously been Head of Fixed Income at NCB and worked for Barclay’s Capital in London, Tokyo and New York. He was welcomed to the role by Minister Noonan.
“I am very pleased to be able to appoint an individual of Mr O’Kelly’s calibre to lead the NTMA. The NTMA is a critical part of the State’s financial infrastructure and Mr O’Kelly and the new NTMA Board will have a central role to play as Ireland builds on its recovery in the coming years.”
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