Former director of the National Asset Management Agency John Mulcahy has joined the board of real estate fund IPUT.

Mr Mulcahy, who retired from his role as head of asset management at NAMA earlier this year, was formerly chairman and chief executive of Jones Lang LeSalle Ireland.

IPUT describes itself as the “largest indirect commercial real estate fund” in the country, with around €1bn worth of debt-free commercial assets under its management.

“I believe John’s wealth of knowledge and experience of commercial property will significantly contribute to IPUT’s continued evolution,” said IPUT chairman Frank Close in a statement. 

“[He] will assist us in enhancing the growth and value of the company in the interests of our shareholders.”