31st Jan 2022 08:38
(Alliance News) - Sirius Real Estate Ltd said Monday that Chief Financial Officer Alistair Marks will take up the newly created role of chief investment officer, with effect on Tuesday.
In another top appointment, Finance Director Diarmuid Kelly will join the board and replace Marks as chief financial officer
These two appointments, together with the creation of the role of chief operations officer and chief marketing and impact officer last year, complete a restructuring of the senior management team to reflect 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.
The latest appointments also provide a strong framework to enable Sirius to achieve its ambitions for future growth and the continued development of its platform.
In his new role as CIO, Marks will focus on the group's investment activity, covering acquisitions, disposals and capital expenditure investment programmes.
He will utilise his significant experience in the industrial, office and business parks sector, as well as deep operational experience and expertise to identify and execute on a wide range of opportunities that unlock value for the group.
Kelly has worked directly alongside Marks for more than six years and, as the group has grown, has taken on additional responsibilities relating to audit and financial processes, as well as debt financing and investor relations activities.
Chief Executive Andrew Coombs said: "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.
"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," Coombs said.
In London, shares in Sirius rose by 1.0% to 128.49 pence on Monday, while its Johannesburg shares were up 1.2% at ZAR26.86 in Johannesburg.
By Artwell Dlamini; [email protected]
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