Patria Investments Limited announced the appointment of Ms. Ana Russo as Chief Financial Officer, effective January 1, 2023. Ms. Ana Russo will join the firm on October 3, 2022 as incoming Chief Financial Officer and member of Patria's Management Committee. Mr. Marco Nicola D'Ippolito, who has been serving as Chief Financial Officer since January 2017, will then begin a transition process to transfer oversight of Patria's fund administration, finance, accounting, planning and technology functions to Ms. Russo, with the goal of Ms. Russo fully assuming the role of Chief Financial Officer by January 1, 2023.

Mr. D'Ippolito will thereafter assume the role of Chief Corporate Development Officer and allocate his time to develop Patria's organic and inorganic growth strategies, evolving to the leadership of a new business vertical. In addition, he will continue to lead Patria's shareholder relations. To ensure a smooth handover and transition, Ms. Russo and Mr. D'Ippolito will work closely together until the end of the current year.

Ms. Ana Russo is a seasoned finance and business executive with significant global experience. She has broad finance expertise, having managed a full range of finance functions throughout her career, as a department head and Brazil CFO (for Philip Morris International and earlier in her career with Remy Cointreau) and Central America & Caribbean and Latin America & Canada CFO (for Philip Morris International), as well as Chief Auditor for the same company. She also has developed a deep connection with business process, acting as a Business Partner to division leaders and General Managers, and also managing a full P&L as GM of Central America & Caribbean.

Ms. Russo also has meaningful experience dealing with distribution processes, government relations, and mergers and acquisitions. She holds a bachelor and post-graduate degrees in business administration and finance from Fundação Getúlio Vargas, and a Leadership Program certification from the International Institute for Management Development.