Branded business parks specialist Sirius Real Estate has announced two changes of roles within its senior management team.
Alistair Marks, current chief financial officer, will be taking up the newly created role of chief investment officer (CIO), while Diarmuid Kelly, current group finance director, will join the company’s board of directors as chief financial officer (CFO).
Marks will continue to be a member of the company’s board. Both appointments are effective as of 1 February 2022.
The two appointments, together with the creation of the role of chief operations officer (COO) and chief marketing and impact officer (CMIO) in 2021, complete a restructuring of the senior management team which Sirius said reflected the significant expansion of the business in recent years, including the Company’s entry into the UK market with the acquisition of BizSpace in November 2021.
Marks joined Sirius in January 2007 and took the company through its IPO in 2007. Since then, he has been responsible for the financial management of the group, its capital structure and all investment activity and, prior to the creation of the COO role, was responsible for asset level operations.
In his new role as CIO, Marks will focus on the group’s investment activity, covering acquisitions, disposals and capex investment programmes.
Having been with the group since 2015, Kelly has been appointed to CFO. Over the last few years he has taken on additional responsibilities relating to the group’s audit and financial processes, as well as debt financing and investor relations activities.
Kelly has over 18 years’ experience in financial management within the professional services, investment management and sovereign wealth fund sectors including as head of financial control, hospitality, real estate at the Abu Dhabi Investment Authority.
Commenting on the appointments, Andrew Coombs, Sirius CEO, said: 'Over the past few years, and in spite of the pandemic, Sirius has continued to perform well operationally and also to grow.
'This has been achieved through a combination of direct acquisitions and asset management, as well as through our Titanium joint venture with AXA IM Alts and, most recently, via our entry into the UK with the acquisition of BizSpace. Our new management structure ensures we have the right people in the right roles to further enable us to achieve our goals and continue to grow our platform.'
