Jon Fox and Andy Lenk were promoted to president and CEO, respectively, at the $14 billion firm Varde Partners, which also announced a number of other promotions this week.
The moves are part of a number of steps in a transition process at the company and includes the promotions of Brad Bauer and Guiseppe Naglieri to deputy CIO posts. Co-founder and co-CEO George Hicks, plans to move in late 2021 to the position of executive chair, which was announced in July 2019.
“The appointments are based on Jon and Andy’s numerous contributions . . .
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