July 31, 2025 – Limassol, Cyprus – Blackbeard Asset Management Ltd (“Blackbeard”) is pleased to announce the appointment of Demetris Constantinou as Head of Risk Management and Executive Director, effective July 31, 2025. His appointment has been formally approved by the Cyprus Securities and Exchange Commission (CySEC).

Demetris brings extensive experience in financial risk, governance, and regulatory compliance. Prior to joining Blackbeard, he held senior roles in both banking and asset management sectors, where he was responsible for designing and overseeing enterprise-wide risk frameworks tailored to complex investment strategies.

At Blackbeard, Demetris will be responsible for overseeing the firm’s risk management strategy across all funds and mandates, including the firm’s Luxembourg RAIF platform. He will play a key role in ensuring alignment between portfolio construction, operational oversight, and regulatory risk standards.

“Demetris brings a sharp risk mindset, a collaborative approach, and a deep understanding of the regulatory landscape in which we operate,” said Ruslan Patlavsky, Chief Investment Officer of Blackbeard. “His appointment marks another important step in building a robust institutional platform that is both entrepreneurial and risk aware.”

Demetris succeeds Christodoulos Kyrlappos, who has stepped down from his role as Executive Director. The firm thanks Christodoulos for his contributions during the early phase of Blackbeard’s development.

“I am excited to join Blackbeard at a time of growth and strategic momentum,” said Demetris Constantinou. “The firm’s approach to complexity-driven credit investing, combined with its cross-border platform and institutional discipline, offers a compelling foundation for risk-integrated value creation.”

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