The Minister for Finance, Michael Noonan, has appointed former IBRC director Oliver Ellingham to the board of Nama.

Mr Ellingham was a non-executive director of IBRC until the former Anglo Irish Bank was liquidated in February. A former head of corporate finance (Europe) at BNP Paribas, he has also held executive roles at Charterhouse Bank and Robert Fleming.

He is a chartered accountant and holds a number of non-executive positions, including directorships at Vislink and the Navy, Army and Air Force Institutes pension fund in Britain. He also owns a storage business: Woking Storage Solutions.

“Mr Ellingham has significant international experience in finance at both a senior management and board level and his skills and experience will make him an asset to the board of Nama,” said Mr Noonan.

Frank Daly, Nama chairman, welcomed the appointment, saying Mr Ellingham was "well placed to make a valuable contribution to the board of Nama".