John Corrigan must have known he was not taking on the world’s easiest job when he became CEO of Ireland’s National Treasury Management Agency (NTMA) in November 2009. The National Asset Management Agency (NAMA) ‘bad bank’ had been set up to recapitalise the country’s ruined financial institutions, and plans were afoot to carve out a chunk of the National Pension Reserve Fund (NPRF) for the same purpose.
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