Clarus Investment Solutions operates as a partnership between Joe Mottley
and Paul McCarville. Joe & Paul were two of the founding directors of Setanta Asset
Management Limited where they were in the course of 1998 to 2007, respectively, Chief Investment
Officer and Head of Marketing/Client Services.
Helped by a distinctive approach, good performance and innovative product development, Setanta’s assets
under management had reached €5 billion by 2007.
Paul McCarvilleFCA QFA
A Chartered Accountant and Qualified Financial Advisor, Paul spent a number of years working in
audit and in corporate banking before entering the asset management business in 1987. He was a
Director of Ulster Bank Investment Managers, New Ireland Investment Managers
and a founding principal and Director of Setanta Asset Management. He was responsible for
client services and marketing in all three institutions.
Paul’s main areas of expertise were in representing investment products, processes and outcomes.
He was also involved in product development and while at Setanta launched a number of innovative
funds to the Irish market. He spearheaded the growth of Setanta’s overseas business in Canada
and Germany. Since setting up Clarus with Joe in 2007 he has carried out a wide range of consulting
work related to investment and investment processes; to inform the latter he has developed a
particular expertise in investor risk profiling. He has published many articles and spoken at
several major conferences and seminars.
He is a member of the Finance, Audit, Investment and Governance committee of Community Foundation
Ireland and also a director of Verus Advisory Limited, a consultancy which specialises in in the
oversight of fiduciary management of institutional funds.
Joe MottleyBE, MSc, QFA
Having originally worked as an engineer and as a policy analyst in the Department of Finance, Joe
joined AIB Investment Managers in 1985. He spent 13 years as an equity specialist with AIB, and
led the International Equity team. In 1998 he joined Setanta at start-up, where he was Chief
Investment Officer; in that capacity he headed the investment team and had a key role in developing
a distinctive and successful equity investment process.
He directly managed equity portfolios across a broad range of sectors and geographies, where he
established a track record of consistent out-performance. He also served for a number of years as
a Council Member of the Society of Investment Analysts in Ireland.
In 2007 Joe left Setanta to establish Clarus with Paul. He is currently a director of the
Diversification Strategy Fund, a currency investment fund managed by Alder Capital. He is also a
director of Verus Advisory Limited, a consultancy which specialises in in the oversight of fiduciary
management of institutional funds.
At Clarus Joe has developed a range of innovative approaches to the analysis of portfolios and
investment appraisal of funds. He has given expert evidence at hearings of the Commercial Court
and the Financial Services and Pensions Ombudsman.