Europa Investimenti appoints new Chief Executive Officer Daniele Patruno appointed CEO of Italy’s Europa Investimenti in Europe’s largest NPL market
Arrow Global Group (“Arrow Global”), a leading vertically integrated European fund manager in credit and real estate, is pleased to announce the appointment of Daniele Patruno as Chief Executive Officer (CEO) to its Milan-headquartered Europa Investimenti.
Daniele has worked at Europe Investimenti since 2009 and was most recently Head of Credit Strategy. Prior to working at Europa Investimenti, he started his career at Barclays Capital in London. He holds an BA and MA in Business Economics from the prestigious Bocconi University’s business school in Milan.
Acquired by Arrow in 2018, Europa Investimenti is an important part of Arrow’s specialised offering in Italy, Europe’s largest NPL market. The business is unique in the wide range of services that it offers, from acquiring and securitising NPLs through to the financial restructuring of distressed or insolvent companies, and it will continue to develop its local and highly specialised offering. Daniele will be focused on building on the very strong foundations that it has in the Italian market and growing the business as more special situations present themselves.
Incumbent CEO, Stefano Bennati, who founded the business in 2007 and has overseen the growth of the business, delivering an outstanding track record, building an experienced management team and establishing strong network of professional relationships with banks, courts, servicers, regulators, and the wider financial restructuring sector, will continue in his role as Chairman of Arrow Global Italy. He will use his 30 years of industry experience to further enhance Europa Investimenti’s reputation in the Italian market.
Daniele will be based in Milan, reporting to Mark Gollin, Managing Director and Global Head, Platforms.
Mark Gollin, Managing Director and Global head, Platforms, said: “Under Daniele’s leadership Europa Investimenti will further develop its local, highly-specialised services including the advisory activity for the deployment of the SGT ACO Umbrella (Italy) Fund; the alternative fund managed by Sagitta Sgr focused on the Italian distressed market which requires local expertise due to the complexities of the local regulatory and legal frameworks. We look forward to working with Daniele and his local leadership team to further grow Europa Investimenti over the coming years.”
Daniele Patruno, said: “The market opportunity in Italy is substantial and Europa Investimenti is uniquely positioned in European’s largest NPL market. I have witnessed the rapid growth of Europa Investimenti since I joined the business over a decade ago, and it has been a privilege to be part of its journey as it has become an important part of the Italian financial ecosystem, acquiring and managing distressed assets, as well as helping companies restructure their businesses. This is an exciting time to lead the business and I look forward to working with all our stakeholders.”