Bloomberg News

NAMA’s Head of Lending Graham Emmett Resigns From Irish Agency

January 16, 2012

Jan. 13 (Bloomberg) -- Graham Emmett, head of lending at Ireland’s National Asset Management Agency, is resigning from the Dublin-based troubled loans administrator.

Emmett, a former Goldman Sachs Group Inc. banker, is leaving the asset manager to return to the U.K., Ray Gordon, a NAMA spokesman, said by telephone.

NAMA was set up to purge Ireland’s banks of 74.2 billion euros ($94.1 billion) of risky commercial real-estate loans, for which it paid 31.7 billion euros.

To contact the reporter on this story: Neil Callanan in London at ncallanan@bloomberg.net

To contact the editor responsible for this story: Jeffrey St.Onge at jstonge@bloomberg.net


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