Värde Partners announced the promotions of Shannon Gallagher and Tony Iannazzo to Partner. In addition to joining the firm’s partnership, Shannon will now serve as Global Head of Business Development and Investor Relations and Tony will serve as Chief Operating Officer.

“We are proud to announce the promotions of Shannon and Tony to our partnership, which reflect Värde's commitment to cultivating and rewarding our world-class talent,” said Brad Bauer, Co-CEO and Co-CIO of Värde Partners. “Shannon and Tony exemplify the values we hold dear, demonstrating a strong work ethic and excellent leadership capabilities as well as an unwavering commitment to our investors.”

“Värde's success depends on the strength of our people, and during their time at Värde, Shannon and Tony have been catalysts for growth and innovation across our firm,” added Co-CEO and Co-CIO Ilfryn Carstairs. "We are excited to continue to benefit from their leadership and operational expertise as we seek to drive sustained value for our investors.”

This year, Värde has recognized the outstanding contributions of around 20 team members with promotions across various departments and global offices.