Ronan link to Nama boss
nothing to see here apparently.Nama has said there is no conflict of interests after a photograph emerged of one of its senior executives on a cycling holiday with Vita Cortex boss Jack Ronan.
Nama has seized several of Mr Ronan’s assets and is still in negotiations with him over the transfer of an unencumbered asset which could end the 54-day sit-in by 32 workers at the Vita Cortex plant in Cork.
The workers reacted angrily yesterday when a photograph emerged of Mr Ronan on holiday with Nama’s deputy head of portfolio management Michael Moriarty who oversees the agency’s lending and corporate finance teams.
In 2003, Mr Moriarty was the managing director of CB HOK Investors and set up syndicates and property deals on behalf of wealthy Irish clients.
The photograph of Mr Moriarty and Mr Ronan, who built up an extensive property portfolio, was taken on a cycling trip in South Africa in 2005.



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