About

Heading NTMA’s legal, control and compliance functions, US- and Ireland-qualified Andrew O’Flanagan has been at the epicentre of the agency’s efforts to turn around the nation’s credit reputation following the financial crisis. Sources particularly highlight his role in the €18bn early repayment of bailout loans to the IMF, resulting in €1.5bn cost savings over the loans’ lifetime. With associated hedging costs settled on the same day as the repayment, the transaction was handled ‘seamlessly’ in the view of one bystander. With impressive experience across Ireland’s public sector, O’Flanaghan has headed legal at both the Electricity Supply Board and Bord Gáis Éireann. He previously practised corporate law in London and New York at Davis Polk & Wardwell.