About Us
IRES Fund Management Limited (“IFML”) PSRA License Number: 003270 is wholly owned by I-RES REIT Plc and serves as the Company’s Alternative Investment Fund Manager (AIFM) under the Alternative Investment Fund Managers’ Regulations 2013 (the AIFM Regulations). IFML is authorised as an alternative investment fund manager by the Central Bank of Ireland (CBI) under the AIFM Regulations. I-RES REIT Plc has in place an alternative investment fund manager’s agreement with IFML under the terms of which the Company has delegated certain portfolio, property management and other functions to IFML.
To view our Sustainable Finance Disclosures Regulation information please visit our Adverse Sustainability Impact Statements page.
An investor disclosure document is made available by IRES Fund Management Limited via this link to investors in Irish Residential Properties REIT plc pursuant to the requirements of the UK’s national private placement regime and in accordance with the requirements of the UK Financial Conduct Authority rules implementing the EU Alternative Investment Fund Managers Directive (Directive 2011/61/EU) in the United Kingdom.
Directors
Michael Boyce
Chairman
Michael Boyce acts as an independent director and a consultant to a number of Irish collective investment schemes. Prior to this, he was Executive Director of Northern Trust Investor Services (Ireland) Limited formerly Ulster Bank Investment Services Limited (UBIS) since 1990.
He was Managing Director of Ulster Bank Custodial Services which was the Trustee and Custody operation of Ulster Bank fund’s business from 1990 – 1997. From 1997 – 2000, he was Managing Director of Ulster Investment Bank Investment Services. Following the purchase of UBIS by Northern Trust in May 2000, he was appointed Director of Client Operations with responsibility for servicing a large range of institutional and retail clients. He has worked in the Financial Services industry for over 30 years including stockbroking, fund management and fund administration. He is a graduate of the Michael Smurfit School of Business at UCD from which he holds a Diploma in Corporate Governance. He is a member of the Securities Institute and has served on several committees of the Irish Funds Industry Association. He is also a member of the Institute of Directors Ireland, and a member of the Corporate Governance Association of Ireland.
Simon O’Sullivan
Independent Non-Executive Director
Simon O’Sullivan has worked in the investment management sector since 1993. From April 2002 to April 2006 he was employed in Dublin by Pioneer Alternative Investments as a product specialist.
In May 2006, he left Pioneer to join his family company as financial controller and in May 2013, Mr. O’Sullivan became a partner in MFL, trading as Risk System, a specialist provider of financial risk solutions to the investment funds industry. He has also worked for Fleming Investment Management as a fund manager in London, and Eagle Star and Merrion Capital, both in Dublin. He holds a Bachelor of Arts in Economics and Politics, a Master of Arts in Economics, a Master of Sciences in Investment & Treasury Management and a Diploma in Corporate Governance. Mr. O’Sullivan is a non-executive director of a number of investment funds.
Brian Fagan
Executive Director
Brian Fagan the CFO of I-RES REIT Plc. He joined I-RES REIT Plc as Finance Director in April 2021 and was appointed as CFO and to the Board of I-RES REIT Plc on 11 April 2022.
Mr. Fagan has extensive commercial and financial experience having worked at Board Director/Senior Executive level across a variety of industries from property investment and development, healthcare manufacturing and distribution, oil and gas importation and distribution, agribusiness and manufacturing.
Prior to joining the Company Mr Fagan was CFO for Island Capital and prior to that was Group Finance Director of Ballymore Group, an international property development and investment group with operations in Ireland, the United Kingdom and continental Europe. He also previously worked for DCC plc and acted as Finance Director of Flogas plc. Mr. Fagan has served as an Executive and Non Executive Director on a number of Boards including as Chairman and Director of an ICAV.
Mr Fagan is a Chartered Accountant and holds a B.Comm and a post-graduate Diploma in Professional Accounting from UCD.