IRELAND - The National Treasury Management Agency (NTMA) is setting up a transition manager panel in a move to minimise costs.

The Agency is currently looking to recruit external individuals to sit on the panel.

They will be appointed for four years to help the NTMA, which runs the €18.8bn National Pension Reserve Fund (NPRF), make transition of assets in the fund more effective, a spokesman told IPE. 

Last month, the NTMA tendered for shareholder engagement and proxy voting services across the fund's €14.5bn global equity portfolio in order to incorporate environmental, social and corporate governance factors into its overall management.