Cactus Gaming Announces Thiago Garrides as New CFO
The executive arrives to drive the company’s strategic transformation and accelerate the group’s sustainable growth.
Brazil.- August 21, 2025 www.zonadeazar.com Last July, Thiago Garrides took over as Chief Financial Officer (CFO) of Cactus Gaming, an award-winning Brazilian company and leader in technology and B2B solutions for the sports betting and online gaming sector in Latin America, which is undergoing rapid international expansion.
The executive’s arrival marks the beginning of a new cycle of consolidation, innovation and financial expansion for the company, in line with its strengthening in Brazil and growth in regulated international markets.
With a solid international track record, Garrides has over 20 years of experience in corporate finance, risk management and treasury, leading projects focused on operational efficiency, governance and structuring financial services solutions.
Previously, the executive held leadership positions at institutions such as Inter, Stellantis, ArcelorMittal and Mercantil do Brasil, always working in strategic senior leadership roles. Certified in CGA (ANBIMA Management Certification), he brings a keen insight into governance, scalability and sustainability of digital businesses.
Statements from Cactus Gaming’s new CFO
Garrides commented: ‘Taking on the role of CFO at Cactus is a great opportunity to contribute to the company’s growth and financial strength. I have 20 years of corporate experience focused on finance and management, where I had the opportunity to build a distinguished career in various sectors with significant results.’
‘My mission is to drive the company’s strategic transformation, strengthen financial performance with a focus on revenue diversification, support global expansion starting in Latin America, and structure the finance area to operate in new regulated markets, building a globally scalable organisation while preserving Cactus’ innovative and entrepreneurial DNA,’ adds Thiago Garrides.
Cactus Gaming, like the Founder of the Cactus Group, Nickolas Ribeiro, recognises the importance of bringing in renowned professionals to strengthen the company.
Nickolas highlighted: ‘Thiago’s arrival symbolises an important step forward in our executive structure. We are at a time of consolidation and international expansion, and having a CFO with his experience and strategic vision reinforces our commitment to solid, responsible management that is aligned with the challenges of the iGaming sector.’
Responsible and sustainable ecosystem in iGaming
The new CFO believes that, in iGaming, technology embedded in a responsible and sustainable ecosystem needs to go beyond just offering games and platforms — it must balance innovation, compliance, security, user experience and social responsibility.
Garrides said: “With the significant advancement of our operations, we are reinforcing our commitment to building a safe and conscious environment by investing in awareness for the responsible use of platforms.”
Cactus is a strategic partner for operators, offering the highest global standards of security, transparency and innovation in a complete ecosystem of products and services for the market, with the confidence that comes from being certified to international standards.
Thiago Garrides stated: “The combination of creating high-performance financial models and the ability to navigate complex regulatory environments ensures my contribution to solid growth, in full compliance and with a focus on sustainable results.”
Edited by @pererarte www.zonadeazar.com