Värde Partners has announced senior management changes and the opening of new offices in New York, Tokyo and Sydney as part of a strategic plan to build out its global investing platform across a range of asset classes and liquidity profiles.
Co-founder Marcia L. Page, currently co-CEO/CIO, will become Chairman, and George G. Hicks will remain as Värde Partners’ sole CEO/CIO, effective 1 January, 2016. Bradley P Bauer will remain President.
“Founded on the premise of unlocking incremental value from complex situations, Värde Partners has grown over the last 20 years to become a diverse and global investment adviser with USD10 billion in assets under management and more than 200 people in primary offices in Minneapolis, London and Singapore,” says Marcia Page. “The changes we are announcing today are part of a thoughtful and extensive strategic review to support the strength of the firm well into the 21st century.”
Co-CEO George Hicks says: “Building on our foundation of loyal long-term clients and new investors, we are strategically expanding to enhance our ability to pursue global investment opportunities — regardless of where those opportunities reside. In addition to our existing offices in Minneapolis, London, Singapore, Milan, Madrid, Luxembourg, Dublin and Barcelona, we will now have new physical locations in New York, Tokyo and Sydney.”
As Chairman, Page will have oversight of the firm, retain her membership on the Investment Committee, and be involved in a number of strategic initiatives. Beyond Värde, Ms. Page also will dedicate time to various efforts, including those focused on women in the investment industry.
Hicks says: “As a co-founder of Värde Partners, Marcia is a pioneer in the alternative investment management industry and an inspiration to women who work in – or are looking to enter – our field. We are all delighted she remains Executive Chair as we look towards a third decade of seeking investment opportunities and performance for our investors.”
