Patria Investments Limited announced that Nikitas Psyllakis will serve as its new Global Chief Operating Officer, consolidating the firm’s finance, funds, technology, legal & compliance, risk management and internal audit functions under a single executive. The move follows the announced departure of CFO Ana Cristina Russo and the planned appointment of Raphael Denadai as her successor in April 2026, signaling a broader organizational realignment aimed at accelerating decision‑making and supporting the company’s expansion plans.
Psyllakis, a long‑time partner at Patria, brings deep experience in operational oversight across the firm’s multi‑asset platform. His appointment is intended to streamline the global operating model, improve execution speed, and enhance operational effectiveness across Patria’s Latin American and European businesses. Management emphasized that the consolidation will allow the firm to respond more quickly to market opportunities and to deploy capital more efficiently in high‑growth sectors such as agribusiness, infrastructure, and renewable energy.
Patria’s 2024 financial results provide context for the leadership change. Revenue rose 14.22% to $374.20 million, while earnings fell 39.29% due to a mix shift toward lower‑margin segments and higher operating costs. Despite the earnings dip, the firm maintained a strong operating margin of 41.84% and a net margin of 26.21%, and earnings grew 67.2% year‑over‑year, outperforming the industry average. The company’s $51 billion in assets under management and its recent acquisitions—RBR Gestão de Recursos in December and a 51% stake in Solis Investimentos in November—underscore its aggressive growth strategy.
The COO appointment aligns with Patria’s broader focus on ESG integration and the development of new product categories, including technology‑focused funds and renewable energy investments. By centralizing corporate functions, Patria aims to reduce duplication, lower operating costs, and accelerate the launch of new funds in untapped markets. The move also positions the firm to better manage the capital intensity of its infrastructure and real‑estate portfolios, where disciplined risk management is critical.
Management’s statement on the appointment highlighted the need for tighter operational oversight as the firm expands its global footprint. The consolidation is expected to improve scalability, enhance risk controls, and support the firm’s goal of maintaining high profitability while pursuing growth in resilient sectors. The appointment is therefore a key step in Patria’s strategy to strengthen its competitive position in the middle‑market alternative asset space.
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