RSIC was founded in early 2007 by Ronan Smith. Ronan was a long-serving director of Bank of Ireland Asset Management (BIAM), the Fund Management division of the Bank of Ireland Group. He played a prominent role as a director and a leading executive in investment analysis, portfolio management, investment strategy, client relationship management, and product development. He pioneered the use of passive management by BIAM and built and managed the passive business very successfully from its inception.
Before joining BIAM, he worked with the investment department of New Ireland Assurance Company Limited as an Investment Analyst, following a period as planning analyst and Economist with the Irish Tourist Board. His training was in economics, mathematics and management science and he is a qualified accountant.
In November 2005, Ronan left BIAM to help develop a privately-owned firm in the field of specialist, long-short currency management, adding greatly to his knowledge of alternative asset management.
Ronan was closely involved with the Society of Investment Managers in Ireland (SIAI). He was Chairman for two years from 1999 to 2001 when he led the introduction of the internationally recognised CFA qualification to Ireland. He had previously served as education officer of SIAI for twelve years and had lectured extensively in investment analysis and portfolio management. He was a co-founder and program board member of the M.Sc. in Investment and Treasury in Dublin City University.
During this period, Ronan was Ireland’s representative on the European Investment Performance Council, the body which represented Europe’s perspective in the development and implementation of the Global Investment Performance Standards which are now the accepted standards for the fair and accurate presentation of investment track records. He also served as a council member of the Irish Association of Pension Funds.