Media speculation suggests that Brendan McDonagh has been named by the Minister for Finance as interim managing director of the National Asset Management Agency (Nama).
Mr McDonagh's appointment is likely to be confirmed when legislation establishing Nama comes into effect later this summer.
The board of the agency is expected to be chaired by an independent figure known internationally.
Mr McDonagh, who is currently director of finance, technology and risk at the NTMA, has been assisting Dr Michael Somers, chief executive of the NTMA, and economist Peter Bacon, architect of the Nama plan, on the development of the bad bank scheme.
Part of Mr McDonagh's work has been assessing the level of bad loans on the books of the guaranteed financial institutions which will be acquired by the Government under the plan.