Judith Toledo Piza Varandas

Partner at Setter since 2010, Judith has worked in various management projects as a director, CEO and CFO over the past years well as participating actively in mergers and acquisitions operations.

Judith Varandas has over five years of experience in private equity working at Pátria Investimentos´ invested companies.

Judith worked as a Financial Planning Manager at DASA, Latin America´s biggest diagnostic medicine company, and actively participated in the process of fundraising $ 250 million dollars abroad through the emission of 10 year maturity debentures.

She also worked as a Financial Analyst at Fotoptica, the largest photography and optical retail chain in Brazil where she was responsible for monitoring and improving the company’s performance as well as preparing the company to be sold to the world’s second largest optical retail group – Hal Investments.

Judith holds a Master of Science from Università Bocconi (Milan – Italy) / ESADE (Barcelona – Spain) in International Management and a degree in Business Administration from Fundação Getulio Vargas, in São Paulo (Brazil).

Board member certified by IBGC – Brazilian Institute of Corporate Governance.