Sirius Real Estate Ltd appoints new CFO and CIO to accelerate growth

Sirius Real Estate Ltd said its current chief financial officer (CFO) Alistair Marks will become its chief investment officer (CIO) – a newly created role – while current group finance director Diarmuid Kelly will step up to be CFO.

The two appointments, coupled with the creation of chief operations officer and chief marketing and impact officer last year, completes a senior management team restructuring that highlights the company’s significant expansion, it said.

The company, which is an owner and operator of business and industrial parks providing conventional space and workspace in Germany and the UK, entered the UK market via its acquisition of BizSpace in November.

Both appointments, which become effective on Tuesday, will help Sirius achieve further growth and development, it said.

“Over the past few years, and in spite of the pandemic, Sirius has continued to perform well operationally and also to grow,” Andrew Coombs, chief executive officer said.

As CIO, Marks will focus on the company’s investment activity, covering acquisitions, disposals, and capital expenditure investment programmes.

He joined in 2007 and took Sirius through its IPO the same year, while he has also been responsible for financial management, capital structure, and asset level operations.

Kelly, who joined in 2015 and was responsible for audit and financial processes, as well as debt financing and investor relations activities, has over 18 years’ experience in financial management within the professional services, investment management, and sovereign wealth fund sectors, Sirius said.

“Both Alistair and Diarmuid have been with the business for a significant amount of time and have continually outperformed in terms of delivering on their objectives,” Coombs said.