Pagaya Appoints Industry Leaders to Strengthen Board Dynamics

Pagaya Welcomes New Independent Directors to its Board

Pagaya Technologies Ltd. (“Pagaya”) (NASDAQ: PGY), a leading technology firm focused on enhancing the financial ecosystem through artificial intelligence, has recently announced the appointment of two distinguished independent directors, Asheet Mehta and Alison Davis, to its Board of Directors. This strategic move is aimed at strengthening the leadership of the company and enhancing its growth potential.

Introducing Asheet Mehta and Alison Davis

The addition of Mehta and Davis comes at a pivotal time for Pagaya, as the company continues to innovate within the financial services sector. Gal Krubiner, Co-founder and CEO of Pagaya, expressed enthusiasm about the appointments, highlighting their extensive expertise in financial services and technology.

Meet Asheet Mehta

Asheet Mehta brings a wealth of knowledge to the board with over 30 years of experience in banking and financial services. His tenure as Senior Partner at McKinsey & Company equipped him with the skills to lead significant practices, particularly in the Americas. Mehta's strategic insights will undoubtedly play a crucial role in guiding Pagaya as it navigates the complexities of the financial landscape.

Moreover, Mehta's involvement with organizations such as the Asia Society and various fintech advisory positions showcases his deep commitment to advancing financial solutions. His vision aligns well with Pagaya's mission – to create more financial opportunities for individuals.

Alison Davis' Expertise

On the other hand, Alison Davis holds extensive experience as the Chairman and Managing Partner of Blockchain Coinvestors, where she has overseen investments in over 80 blockchain startups. Her previous role as CFO of Barclays Global Investors has honed her financial acumen, providing her with insights that will aid Pagaya in its strategic decision-making processes.

Davis's experience serving on multiple boards, including significant organizations in the banking and fintech sectors, further cements her role as a vital addition to Pagaya's leadership team. She expressed her eagerness to contribute to Pagaya's vision and help shape the future of financial services.

Smooth Transition and Continued Growth

With the appointments of Mehta and Davis, current Directors Mircea Ungureanu and Nicole Torraco will be stepping down from the board. During his six years with Pagaya, Ungureanu has provided invaluable guidance as the company transitioned from private to public status. Nicole’s ongoing involvement in the Advisory Board is also highly anticipated.

Krubiner expressed heartfelt gratitude towards the outgoing directors, recognizing their efforts in steering Pagaya through significant developmental phases. This transition reflects Pagaya's commitment to not only growth but also to fostering a diverse and experienced leadership team.

Pagaya’s Mission and Vision

Pagaya (NASDAQ: PGY) is dedicated to democratizing access to financial products and services nationwide. By leveraging machine learning, artificial intelligence, and a robust data network, the company is reshaping the financial landscape to serve a broader audience.

Its integrated approach allows for seamless financial solutions through its proprietary API, enhancing user experience while increasing access to essential financial services. The company, headquartered in both New York and Tel Aviv, aims to continue its innovative journey and reinforce its impact on the financial services ecosystem.

Frequently Asked Questions

What recent changes has Pagaya made to its Board of Directors?

Pagaya has appointed Asheet Mehta and Alison Davis as independent directors to strengthen its board dynamics.

What is the significance of these appointments for Pagaya?

The appointments aim to enhance strategic insight and support Pagaya's growth and innovation in financial services.

How will Mehta and Davis contribute to Pagaya's goals?

Their extensive experience in financial services and technology will be pivotal in shaping the company's future direction.

What is Pagaya's mission?

Pagaya aims to provide accessible financial products and services nationwide while reshaping the financial services ecosystem.

Where is Pagaya headquartered?

Pagaya has offices in New York and Tel Aviv.

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