Gresham House aims to significantly grow it operations in Ireland over the next five years, CEO Tony Dalwood has said at the opening of the company’s new offices in Ballsbridge.
The specialist alternative asset manager entered the Irish market with the acquisition of Appian Asset Management in 2021 and has since purchased Burlington Real Estate.
In Ireland, Gresham House manages assets and advises on investment strategies on behalf of individual investors, high net worth individuals, private pension funds, institutional investors and sovereign wealth funds.
The company employs 36 people and has €800m in assets under management (AUM). Dalwood said that company was aiming to accelerate the growth of AUM in its Irish arm across all areas of activity, including real estate, forestry, sustainable infrastructure and equities.
Gresham House is currently recruiting in Ireland to expand its distribution team and to strengthen its investment team.
Dalwood also announced that former Appian Asset Management head Patrick Lawless will become executive chairman of the holding company for the Irish business and will invest in the group alongside the other senior executives and Searchlight Capital Partners, which acquired Gresham House last year.
Lawless will also continue as chair of the investment committee for the Irish Business, and the board of Gresham House Asset Management Ireland Limited will remain unchanged with Brian O’Kelly, Catherine Duffy and Pat Cox continuing.
Enda McKenna has been made managing director of Gresham House’s alternative investment manager fund business in Ireland, Gresham House Asset Management Ireland Ltd, and Joe O’Carroll will have executive responsibility for leading Gresham House’s Irish business as CEO of Gresham House Asset Management (Resources) Ireland Ltd.
“The business in Ireland is a key part of our group and we believe it has the potential to grow significantly over the coming years,” said Dalwood.
“Having founded and led the business in Ireland for over 20 years, we are thrilled that Patrick is continuing his commitment to Gresham House as executive chairman in Ireland and to provide strategic oversight of the Irish market to myself, Joe and Enda.
“This is a great business, in a great country with highly skilled people and loyal clients and I’m really looking forward to overseeing the next phase of our evolution.”
Gresham House, which has €10bn in AUM, delisted from the London Stock Exchange at the end of last year following its acquisition. Management and employees own 28% of the ordinary equity in the new structure since Searchlight’s takeover.
Photo: (l-r) Tony Dalwood and Patrick Lawless. (Pic: Fennell Photography)
