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Philip is a partner in the Asset Management Department and has been with Matheson for twenty five years. He specialises in advising on the establishment and operation of investment funds in Ireland.

Philip’s experience includes advising leading international financial institutions and asset management companies on structuring and offering fund products in Ireland and particularly in relation to exchange traded funds, innovative and complex products authorised as UCITS and private assets products.

Philip is a long-standing member of the Irish Funds ETF Working Group and has represented Ireland on the EFAMA ETF Task Force.

He specialises in advising managers on bringing innovative ETFs to market, including actively managed products, multi asset and emerging market funds and, more generally, on complex funds which are structured using the full range of flexibilities available under the UCITS regime. He has also advised extensively on the establishment of alternative investment and private assets products.

He has advised clients and participated in the Irish fund industry’s implementation of the European Commission’s Climate Action Plan for investment funds and asset managers and has recently been at the forefront of the industry’s succesful engagement with the Central Bank on ETF-specific issues, such as exchange traded share classes and portfolio transparency.

Philip is one of Matheson’s Diversity and Inclusion Ambassadors and the vice chair of the firm’s Mindful Business Charter committee.

Experience and Education

  • Philip has experience advising:
    • on the establishment and operation of market leading active and passive ETF platforms and on all aspects of exchange traded funds;
    • on the establishment and authorisation of complex, structured products within the UCITS framework;
    • on the establishment of investment funds with sustainable investment a carbon reduction objectives and on funds tracking Paris-Aligned and carbon transition benchmarks;
    • the establishment and restructuring of fund platforms for compliance with the updated direct lending framework provided by Alternative Investment Fund Managers Directive II;
    • the use of multi-manager fund platforms and negotiating related commercial agreements;
    • on UCITS products which give investors indirect exposure to commodity markets, loan markets and emerging markets, including the China A Share market, QFII and RQFII and the Stock and Bond Connect programmes;
    • the use of derivative instruments for investment purposes at a share class level within UCITS;
    • the launch of Irish Shariah investment funds; and
    • the acquisition of Irish-based fund servicing businesses.
  • Qualified as a solicitor in Ireland
  • Trinity College Dublin (Bachelor Hons, Law and German)

News and Insights

Insights
07/05/2026

Amended rules for Irish AIFs and UCITS; AIFMD 2.0 transposed in Ireland

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Insights
01/04/2026

ESG Ratings: Disclosure obligations for fund managers

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Insights
01/04/2026

Central Bank of Ireland report on role of diversity and inclusion in board effectiveness

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Insights
01/03/2026

Central Bank of Ireland clarifies filing processes in advance of AIFMD 2.0 application

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Insights
01/03/2026

Central Bank of Ireland Regulatory and Supervisory Outlook 2026: Implications for fund managers

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Insights
01/03/2026

The Digital Fund: Tokenisation on the regulatory agenda

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Insights
01/01/2026

European Commission consultation on EU venture and growth capital funds

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Insights
09/12/2025

More Changes for UCITS and AIFs on the Horizon

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Insights
27/11/2025

Investment Funds Newsletter

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Insights
24/11/2025

Sustainable Funds Take 2: The European Commission Revisits the SFDR

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Accolades

“Philip Lovegrove is reliable and responsive, and his advice is clear and prompt regardless of the volume and sophistication of the issue that we challenge him with.”

Investment Funds: Chambers Global and Europe

2026

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