Patrick Bradley
Executive Vice President, Chief Financial Officer and Treasurer at Virtus Artificial Intelligence & Technology Opportunities Fund
Executive
About Patrick Bradley
W. Patrick Bradley (Year of Birth: 1972) serves as Executive Vice President, Chief Financial Officer, and Treasurer of Virtus Artificial Intelligence & Technology Opportunities Fund (AIO) since 2021; he is also EVP, CFO & Treasurer for NCV, NCZ, ACV, NFJ and NIE and holds CFO/Treasurer roles at VGI (since 2011), ZTR (since 2010), and EDF (Treasurer since 2022) . Officers of the Funds are appointed by the Board and receive no compensation from the Funds; they are compensated as officers of Virtus Investment Partners or the Funds’ administrator, with specifics not disclosed in AIO’s proxy . Performance metrics such as TSR, revenue growth, and EBITDA growth for AIO during Bradley’s tenure are not disclosed in the proxy materials.
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Virtus Investment Partners, Inc. (and subsidiaries) | Executive Vice President, Fund Services | Since 2016 | Not disclosed in proxy |
| Virtus Investment Partners, Inc. (and subsidiaries) | Senior Vice President, Fund Services | 2010–2016 | Not disclosed in proxy |
| Virtus Investment Partners, Inc. (and subsidiaries) | Various officer positions | Since 2004 | Not disclosed in proxy |
| Virtus Global Multi-Sector Income Fund (VGI) | Chief Financial Officer and Treasurer | Since 2011 | Not disclosed in proxy |
| Virtus Total Return Fund Inc. (ZTR) | Chief Financial Officer and Treasurer | Since 2010 | Not disclosed in proxy |
| Virtus Stone Harbor Emerging Markets Income Fund (EDF) | Treasurer | Since 2022 | Not disclosed in proxy |
External Roles
| Organization | Role | Years | Notes |
|---|---|---|---|
| Stone Harbor Investment Funds plc | Director | Since 2023 | External board role |
| Stone Harbor Global Funds plc | Director | Since 2023 | External board role |
| Virtus Global Funds ICAV | Director | Since 2019 | External board role |
| Virtus Global Funds, plc | Director | Since 2013 | External board role |
| BNY Mellon Asset Servicing Client Advisory Board | Member | Since 2022 | Industry advisory board |
Fixed Compensation
- Officers receive no compensation from AIO; they are compensated by Virtus Investment Partners or the Funds’ administrator. AIO’s proxy does not disclose Bradley’s base salary, bonus, or equity at Virtus .
Performance Compensation
- AIO’s proxy provides no disclosure of Bradley’s performance metrics, incentive weightings, payout formulas, vesting schedules, or clawbacks at Virtus Investment Partners; officer pay is not fund-level and not reported in AIO’s proxy .
Equity Ownership & Alignment
| Metric | Value | Notes |
|---|---|---|
| Outstanding AIO Common Shares | 34,394,242 | As of April 2, 2025 (Record Date) |
| Trustees & Executive Officers – group ownership | Less than 1% of outstanding Shares | Aggregated across the Funds; individual officer holdings (including Bradley) not itemized in AIO proxy |
| Shares pledged as collateral | Not disclosed | No pledging disclosure for officers in AIO proxy |
| Stock ownership guidelines (officers) | Not disclosed | Guidelines not provided in AIO proxy |
Employment Terms
- Appointment: Officers are appointed by the Board; Bradley has served as EVP, CFO & Treasurer for AIO since 2021 .
- Compensation source: Officers receive compensation from Virtus or the Funds’ administrator, not from AIO; no employment contract terms, severance, change‑of‑control, non‑compete, or garden leave provisions are disclosed in AIO’s proxy .
- Tenure in current role (AIO): Since 2021 .
Investment Implications
- Limited pay-for-performance line-of-sight: Because officer compensation is at Virtus Investment Partners and not disclosed in AIO’s proxy, it is not possible to assess Bradley’s cash/equity mix, performance metric weightings, or clawbacks; this constrains analysis of compensation alignment and retention risk based on fund disclosures .
- Skin-in-the-game at fund level appears low: Trustees and executive officers collectively own less than 1% of outstanding Shares; individual officer stakes are not itemized, which weakens direct alignment signals at the AIO fund level .
- Cross-fund centrality: Bradley’s CFO/Treasurer roles across multiple Virtus funds suggest operational importance and broad oversight; retention drivers likely hinge on Virtus corporate terms rather than fund-specific arrangements .
- Data gaps for trading signals: No disclosures of pledging, hedging, equity award vesting, or change-of-control terms in AIO’s proxy; insider selling pressure and award-driven selling cannot be evaluated from fund documents alone. Additional visibility would require Virtus corporate disclosures or Section 16 filings where applicable .