Credit, Collections & Insolvency News
Arrow Global Group has announced the appointment of Daniele Patruno as Chief Executive Officer (CEO) of its Milan-headquartered (HQ) Europa Investimenti.
Patruno 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.
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.”
