Following a meeting by the NSAI on September 13th, our very own Ray O’Neill, MD with ESS Ltd. has been asked to chair the NSAI Committee on Asset Management.

The work to put in place an ISO standard on Asset Management – ISO 55001- continues. There are some 24 countries involved in drafting the standard which is currently in Working Draft Format. Expected launch of the ISO standard is 2014.

Ray has been nominated by the NSAI to chair the Irish Mirror Committee, tracking the progress of the development of the standard and giving technical input/guidance and suggestions for improvement from Ireland.