Pagaya Technologies Ltd., a global technology company delivering artificial intelligence (AI) infrastructure for the financial ecosystem, announced its appointment of Sanjiv Das as president.
In this role, Das will oversee the strategy and growth of the company’s commercial business including its single-family rental business and Darwin subsidiary as it continues to enhance its tech-enabled product offering and expand new and existing lending partnerships.
“I am honored and privileged to join Pagaya at such an exciting time as they grow their lending network, and to support the team in their vision to enable greater lending opportunities across the banking ecosystem, including being a strong catalyst for financial inclusion,” said Das in a release. “I look forward to helping them continue to deliver strong, strategic growth and to create value for Pagaya's investors, lending partners and their customers through their differentiated product offerings.”
Most recently, Das served as CEO of Caliber Home Loans, a NewRez-owned residential mortgage lending company. He has also held positions as CEO, president and chairman of the board for Citi’s mortgage division, and as head of all international businesses at First Data, a KKR-owned company. Das has also held senior roles at Morgan Stanley, American Express and Bank of America.
Das replaces Ashok Vaswani, who has served as Pagaya’s president since June 2022. Under Vaswani’s leadership, Pagaya has successfully onboarded new, large partners and expanded its AI-driven lending network, enabling access to more financial opportunities for their customers.
“It has been a pleasure to serve as Pagaya's president,” Vaswani said. “The company is led by a strong management team and is truly at the forefront of technology innovation. I know they will continue to accomplish great things together and I wish the entire team much success in the future.”
Vaswani will continue to serve as an advisor to Pagaya to help ensure a smooth and successful transition for Das.
“We’re excited to welcome Sanjiv as president of Pagaya,” Pagaya co-founder and CEO Gal Krubiner said. “His global perspective and extensive entrepreneurial experience in the financial sector and capital markets, as well as his proven track record of building and growing global businesses at scale, uniquely positions him to guide Pagaya’s lending network and innovative product offerings in this next stage of growth. We also want to sincerely express our gratitude and appreciation to Ashok for his contributions to Pagaya. Ashok has had a meaningful impact on our company and we wish him success as he embarks on a new professional venture.”