Board of Directors

  • Paul Fawsitt - Director
  • Stephen Byrne - Director
  • Denis McMahon  - Director
  • Ray Naughton - Director
  • David Holmes FCA FCCA- Company Secretary 


Paul Fawsitt - Director

As CEO of MoneyMate, Paul is responsible for advancing MoneyMate’s vision to be a leading provider of data management solutions to the global asset management community, and for delivering value to shareholders. Paul has over 20 years’ experience in technology for financial services worldwide. He first joined MoneyMate in 1995 and has served as a senior executive across a variety of business divisions before assuming the role of CEO in 2005. Paul is a recent graduate of the highly successful Leadership 4 Growth Programme created by the ISA/EI for high potential technology companies in conjunction with Stanford University.

Stephen Byrne - Director

Stephen is an experienced IT entrepreneur. In 1985, Stephen co-founded InsuranceLink - the fraud insurance detection solution in Ireland which has recently been re branded as Risk Intelligence Ireland. Stephen founded MoneyMate in 1989 and in 2004 moved from his position of Managing Director to the MoneyMate Board of Directors. Stephen then founded Midelin Investments Limited, a boutique private equity company focusing on property development. In 2010, Stephen moved back into IT and founded VenueOne an online entertainment business where he is currently CEO.

Denis McMahon  - Director

A graduate of University College Dublin with a 1st Class Honours Degree in Economics – Denis has some forty years experience in the computer industry.
In 1980 he set up Online Computing, developed it into a highly successful, reputable and profitable business and sold it ten years later to Mentec International Ltd. His best-selling book “On Line to Success” tells the story of Online’s success and of the business philosophy that lay behind it.
In 1996 he was appointed Chairman of Electric Paper Company – transforming it from a small multimedia operation into a highly successful e-Learning business operating across global markets. In 2003 the company was acquired by Pat McDonagh’s ThirdForce plc – making multi-millionaires of the promoters and other key shareholders.
Denis is a Non-Executive Director of a number of companies in the hi-tech sector and focuses on the shaping and execution of business development strategies.


Ray Naughton - Director

Ray Naughton is co-founder of 4th Level Ventures. Prior to 2002 Ray acted as a business angel for 5 years and was co-founder of a number of start up technology companies.  From 1987 to 1998 Ray was Managing Director of Siemens Nixdorf in Ireland and from 1992 to 1997 he worked internationally as a major entrepreneurial development and culture change programme.

David Holmes FCA FCCA- Company Secretary

David, a chartered accountant, was a senior partner in O’Connor, Leddy & Holmes for 21 years from 1979 to 2000 and during that time also assisted in the establishment of Century Finance Limited, a hire purchase and leasing company, which was subsequently sold and became part of Irish Life & Permanent. He then left to establish his own Corporate Development Consultancy and advise existing companies and start-up ventures.

David advised a diverse array of companies and became a shareholder director of Harvest Global Asset Management Ltd, a successful fund management company, which has since been sold. He helped found and develop RiverDocs , which created new technology for enabling visually impaired and handicapped people access documents on the Web and assisted in raising finance and equity for it and other businesses.

He is currently a board member of the charity, Arrabella Counselling Ltd and is actively involved in other charity work.

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