Established in 1926, the Davy Group is a trusted market leader in wealth management and capital markets, building rewarding relationships that last. Our vision is to be the financial services partner most trusted by our clients and most admired for our people. We are committed to delivering world-class outcomes for our clients – whether they are individuals, businesses or institutions. We are over 700 people, managing €14bn+ of client assets, with offices in Dublin, Cork, Galway, Belfast, London and Luxembourg.

Established by entrepreneurs for entrepreneurs, BDO is the leader in advising and funding ambitious Irish businesses, helping them to grow in domestic and international markets. Through its own professional expertise and by working directly with companies, BDO has developed a unique insight into what makes companies successful. The firm provides a range of services which include audit, tax, corporate finance, corporate recovery services, corporate secretarial, consulting, payroll and risk advisory services.

BDO employs over 560 staff in Dublin, Limerick, Cork and an associate office in Belfast. BDO is a member firm of BDO International. The BDO International network has 80,087 partners and staff working in 1,591 offices across 162 countries around the world.


Below is a list of the Directors of the Manager who are responsible for the operation of the Fund in determining how the Subscription Monies should be invested or otherwise dealt with:

  • Tony Garry

    Tony Garry Tony Garry is a former Director and CEO of Davy. Tony graduated from UCD with a BComm. in 1975 and an MBS in 1977. He began his career in the Department of Labour, later moving to the Central Bank of Ireland. In 1975, he left the public service and moved to Allied Irish Investment Bank becoming an Associate Director in 1976. He joined Davy in 1979 and was appointed CEO in 1994. He led the team which completed the management buyout from Bank of Ireland in October 2006. Having served as CEO for over 20 years he retired from this role in March 2015.
  • Ivan Murphy

    Ivan Murphy Ivan Murphy is Head of Corporate Finance at Davy having joined in 1991. Since then he has been involved in advising many of Ireland’s leading public and private companies on a range of transactions including flotations, secondary fundraisings and mergers and acquisitions. He has 30 years’ experience in corporate finance having previously worked with Kleinwort Benson, London. He is an honours economics graduate of UCD and a Fellow of The Chartered Institute for Securities & Investment.
  • David McCormick

    David McCormick David McCormick is a Partner in BDO and Heads up the Corporate Secretarial Department, which specialises in the development and administration of corporate structures. A Fellow of the Chartered Governance Institute, David is a Director of Development Capital. David has also served as Company Secretary to a FTSE250 listed entity.
  • Sinead Heaney

    Sinead Heaneyy Sinead Heaney is a Partner in the Corporate Investment & Business Advisory Department of BDO. Sinead has considerable experience in structuring BES/EII Scheme Investments. She also has extensive experience working with small, medium and large privately owned businesses in both developing and achieving their strategic plans. She is also a Director of Development Capital Fund Management Limited (“Development Capital”), the Manager of The BDO Development Capital Fund and non-executive Director of Development Capital’s Investee Company Perigord Asset Holdings Limited. Sinead is a Fellow of the Institute of Chartered Accountants in Ireland.
  • Andrew Bourg

    Andrew Bourg Andrew Bourg is a Partner in the Corporate Investment & Business Advisory Department of BDO and is commercially focused with a wide breadth of experience in scaling, growing and internationalising SME’s on both an organic and acquisitive basis. Andrew has significant experience investing capital and working with SME’s across a range of industries to assist them accelerate and achieve their growth plans.
    Andrew is also a Director of Development Capital, the Manager of The BDO Development Capital Fund and was non-executive Director of Development Capital’s first two investee companies, Version 1 Holdings and Lifes2Good Holdings Limited. Andrew is a Fellow of The Institute of Chartered Accountants of Ireland.

BES Management DAC

BES Management DAC is regulated by the Central Bank of Ireland. BES Management DAC is a joint venture company owned by Davy and BDO. J&E Davy, trading as Davy, is regulated by the Central Bank of Ireland.

Davy is a member of Euronext Dublin and the London Stock Exchange. BDO is authorised to carry on investment business in the Republic of Ireland by the Institute of Chartered Accountants in Ireland.

davy bdo ireland

Get in touch

BES Management DAC
Fifth Floor,
Beaux Lane House,
Mercer Street Lower,
Dublin 2.

Investors wishing to receive information in relation to our various Davy BES/EIIS Funds , please contact the Davy Execution Desk on  01 614 9000 or email

Companies wishing to receive further information about The Davy EII Tax Relief Fund can contact:

Andrew Bourg


For information on our BES Tax Advisory Services please view our Tax Advisory Page on the BDO website.

Warning: The information contained herein does not purport to be comprehensive, all inclusive or to contain all the information that a prospective investor might reasonably require in considering an investment in the Fund. It is strictly for information purposes only and must be read in conjunction with the Prospectus. This information does not constitute advice or a recommendation in any way. It does not take into account the knowledge and experience, investment objectives or financial situation of any particular person. The information contained herein is based on our understanding of current Irish tax legislation and Revenue guidelines. Prospective investors are advised to make their own independent commercial assessment of the information contained and obtain independent professional advice (including inter alia legal, financial and tax advice) suitable to their own individual circumstances, before making an investment decision, and only make such decisions on the basis of their own objectives, experience and resources.