A series of alumina-supported Ag–Ir bimetallic catalysts having controlled and incremental coverages of Ag have been successfully prepared in an optimized electroless deposition bath. The starting monometallic Ir/γ-Al 2 O 3 catalyst was highly dispersed (volume-surface mean diameter of 1.1nm) with a narrow particle size distribution, as demonstrated by H 2 chemisorption and scanning transmission electron microscopy (STEM). While both catalytic (Ag on Ir) and autocatalytic (Ag on Ag) deposition were observed, coverages of Ag on Ir (measured by H 2 chemisorption) were successfully varied up to θ Ag =0.85 by varying Ag weight loadings up to 0.81wt.%. In situ transmission Fourier transform infrared spectroscopy (FTIR) of CO adsorption demonstrated that the Ag is indiscriminately deposited on all types of Ir surface sites during the ED process. Kinetic studies of CO oxidation revealed that higher coverages of Ag resulted in higher turnover frequencies. Comparison of reaction orders in CO and O 2 on monometallic Ir and the most active bimetallic catalyst (θ Ag =0.37) suggests a bifunctional effect, where Ag provides a non-competitive source of adsorbed oxygen for reaction with CO adsorbed on Ir. In addition, further increases in TOF at higher Ag coverages argue for the presence of a geometric effect on smaller Ir ensembles.