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October 12, 2021 11:34 AM

Varde Partners promotes 2 to co-CIO

Paulina Pielichata
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    Brad Bauer and Giuseppe Naglieri

    Brad Bauer and Giuseppe Naglieri

    Brad Bauer and Giuseppe Naglieri were named co-CIOs at alternative investment firm Varde Partners, effective immediately, a spokeswoman confirmed.

    Based in London, Messrs. Bauer and Naglieri, who were previously deputy CIOs, will become co-CIOs alongside Ilfryn Carstairs. They will share oversight of Varde's global investment activity with Mr. Carstairs, who was previously sole CIO and is also co-CEO.

    "This is important recognition of the strong leadership that Brad and Giuseppe are already providing alongside me in the CIO function," Mr. Carstairs said in a news release. "Together with Jon Fox as president and Andy Lenk as deputy CEO, this group represents a cohesive and experienced global leadership team for the firm," he added.

    Varde Partners manages $15 billion in assets on behalf of global investors.

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    December 12, 2022 page one

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