Board Members

Des Carville

Director and Interim Chairperson

Des Carville is head of the Shareholding & Financial Advisory Division (SFAD) of the Department of Finance, which is responsible for the completion of the restructuring of the banking system and managing the State's shareholdings and investments in the banking sector.

The SFAD is also responsible for the management of the Minister's shareholding in the National Asset Management Agency (NAMA) and the Division represents the Minister's interests in relation to the oversight of NAMA. This Division is also responsible for representing the Minister's interests in relation to the liquidation of IBRC and has policy oversight for the Credit Union sector. The Division also provides financial advisory services to the Department. He previously worked with Davy Corporate Finance for 15 years. He is a member of Chartered Accountants Ireland (FCA), having trained with KPMG from 1994 to 1998, and is a Certified Bank Director with the Institute of Banking. He is a director of the European Investment Bank.

Michael Broderick

Director and Project Lead

Michael Broderick, a former Army Officer, joined the NTMA in 2006 as a Financial Analyst with the NDFA, where he worked on a number of PPP infrastructure projects. In early 2011, Michael joined NAMA where he held a number of different roles to include Deputy Head of Residential Delivery. In July 2018, Michael was appointed by the Minister for Finance as Project Lead for HBFI. Michael holds an MBA from the UCD Smurfit Business School and is a member and holder of a Diploma in Company Direction from the IOD (Institute of Directors).

Andrew O’Flanagan


Andrew O’Flanagan is Chief Legal Officer of the NTMA where he has responsibility for legal, compliance, secretariat, risk, internal audit and corporate communications. Prior to joining the NTMA, Andrew was Group Head of Legal at ESB and Chief Legal Officer of Ervia (formerly Bord Gáis Éireann) and also worked in New York and London as a corporate lawyer with the Wall Street law firm Davis Polk & Wardwell. A graduate of NUI Galway and Yale Law School (where he was a John F. Kennedy Scholar), he is admitted to practice in Ireland and New York.