Advent appoints Patricia Cross, AM as an Operating Partner in Australia and New Zealand

Sydney, 18 May 2026 - Advent, a leading global private equity investor, today announced the appointment of Patricia Cross, AM as an Operating Partner in Australia and New Zealand. Patricia brings more than 40 years of management and board-level experience in financial services including wealth management, investment / asset management and corporate and institutional banking. Patricia will work closely with Advent's investment professionals and portfolio company leadership teams to support governance, strategic direction and long-term value creation across the firm's investments in the region.

Beau Dixon, Managing Director and Head of Australia and New Zealand at Advent, said, "Patricia brings an exceptional depth of sector knowledge and governance expertise, with a career that spans the full breadth of financial services. Her perspective will be highly valuable to our investment professionals and portfolio company leadership teams as we continue to build our presence in the region."

Patricia Cross, Operating Partner at Advent, said, "I am delighted to be joining Advent as an Operating Partner and to be part of such a committed global network of investment professionals and industry specialists. Financial services is a sector undergoing profound change, and I look forward to working alongside Advent's teams to help portfolio companies navigate that environment, strengthen their strategic positioning, and drive sustainable growth."
Patricia has extensive international experience as both an executive and non-executive director across a wide range of financial services, with particular expertise in capital markets, risk management, corporate governance, treasury, portfolio management and international affairs. Over the course of her career, she has directly managed large, complex businesses and during the last 25 years Patricia has served on nine large cap listed company boards in Australia and the United Kingdom.

She currently serves as Chairperson of ASX-listed OFX Limited and as an Independent Non-Executive Director of ASX-listed Transurban Limited. She recently finished her 5-year term as a Member of the Future Fund Board of Guardians, Australia's sovereign wealth fund. Previous ASX and LSE listed board roles include Independent Non-Executive Director at Macquarie Group, National Australia Bank, AMP, Qantas Airways, Wesfarmers, and Aviva plc. Patricia formerly served as the Chairperson of Commonwealth Superannuation Corporation, which is responsible for managing super funds designed specifically for Australian Government and Defence Force employees.

In addition to Patricia's Chairperson and Independent Non-Executive Director experience, she lived and worked in seven different countries holding a number of senior executive leadership positions including with Chase Manhattan Bank and Chase Investment Bank, Banque Nationale de Paris, and National Australia Bank.

With more than 145 Operating Partners and Operations Advisors globally, Patricia joins Advent's extensive network of industry experts who provide specialised sector and operational insight to support the growth of Advent's portfolio companies.

About Advent

Advent is a leading global private equity investor committed to working in partnership with management teams, entrepreneurs, and founders to help transform businesses. With 16 offices across five continents, we oversee more than USD $102 billion in assets under management* and have made 448 investments across 44 countries.

Since our founding in 1984, we have developed specialist market expertise across our five core sectors: business & financial services, consumer, healthcare, industrial, and technology. This approach is bolstered by our deep sub-sector knowledge, which informs every aspect of our investment strategy, from sourcing opportunities to working in partnership with management to execute value creation plans. We bring hands-on operational expertise to enhance and accelerate businesses.

As one of the largest privately-owned partnerships, our 655 colleagues leverage the full ecosystem of Advent's global resources, including our Portfolio Support Group, insights provided by industry expert Operating Partners and Operations Advisors, as well as bespoke tools to support and guide our portfolio companies as they seek to achieve their strategic goals.
To learn more, visit our website or connect with us on LinkedIn.

* Assets under management (AUM) as of December 31, 2025. AUM includes assets attributable to Advent advisory clients as well as employee and third-party co-investment vehicles.

Media contact

Katherine Kim
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Tel: +61 439 288 212