Opalesque Industry Update - Värde Partners, a leading global alternative investment firm, today announced the promotion of Jon Fox to the role of President and Andy Lenk to the role of Deputy CEO, effective immediately. These appointments are the latest in a series of transition steps which previously included the appointment of Ilfryn Carstairs as Co-CEO and CIO and the promotions of Brad Bauer and Giuseppe Naglieri as Deputy CIOs. "I've often said that transition is a process involving the entire firm and a number of leaders," said George Hicks, Co-Founder and Co-CEO. "The appointments reflect the many contributions of Jon and Andy to the success and growth of the firm as well as the leadership experience and capabilities that they will bring to the years ahead." Previously announced in July 2019, George intends to move to an Executive Chair role at the end of 2021. Ilfryn Carstairs added, "These promotions are an important step in ensuring that we have the right senior leadership team for the next chapter at Värde. I've worked very closely with Jon and Andy for many years and I'm excited to see this elevation in their roles." In addition to the President and Deputy CEO roles, Värde announced promotions and role changes within the areas of Financial Services, Insurance, and Capital Markets:
Commenting on these appointments, Deputy CIO Brad Bauer said, "We're excited to announce these promotions which align proven leadership talent with significant areas of opportunity for our investors. These individuals represent the breadth and depth of talent we have in our investing teams and these promotions are well deserved in light of their contributions." Jon Fox is a Partner and the head of the New York office who joined the firm in 2013 in London. He has led the firm's global Business Development and Investor Relations team, fund and product development, and also oversees Communications and Public Affairs. He is a member of the firm's Investment Committee and Senior Leadership Committee and plays an important role in general management decisions. In 2018, Jon relocated from London to become the head of the firm's New York office. He will maintain all existing leadership responsibilities as President and further develop Värde's global industry relationships. |
Industry Updates
Värde Partners shuffles team
Tuesday, October 13, 2020
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