From top: Brian Hayes, CEO of the Banking and Payments Federation Ireland; place setting at the Oireachtas Golf Society dinner
While @PhilHoganEU is taking the limelight @brianhayesBPFI I think is a bigger story. Surely someone can confirm who the +3 at his table were. Any truth that it was 3 directors from Vulture fund Promontoria? #golfgate @rtenews#rtept @TodaywithClaire @RTE_PrimeTime @rtetwip
— Paul McElroy (@1paulmcel) August 25, 2020
Promontoria is New York-based equity fund Cerberus’s Irish operation. Among its many holdings in Ireland, it purchased over 5,000 Ulster Bank mortgages with a face value of €1.6billion, and was central to the Project Eagle shenanigans.
Mr Hayes says that his guests, listed on the event’s seating plan, were school friends and not directors of a vulture fund, a rumour which has spread on social media.
“They have no involvement in banking/financial services. I’ve seen the social media claims about vulture funds etc and it’s all made up. They are personal friends of mine for over 30 years.
“On lobbying – I was invited as a former member and attended in a private capacity while on holiday. I did not lobby anyone about anything.”
Mr Hayes has said that he would not be standing down from his role, saying that he is “a private citizen“.