A most interesting new entrant here on foot of Hibernia’s decision to internalise its management team.
Previously, Nowlan had been operating under an ‘investment manager agreement’ which saw much of his pay go to an external company, which included others linked to Hibernia.
This meant it was difficult to get a read on what he was getting as an individual.
The 2017 annual report reveals that on top of a basic package of €364,000, €3.2m was due to Nowlan for the financial year under the internalisation agreement.
The outlook for Hibernia appears rosy as demand for office space in the capital remains strong.