Pagaya Technologies, a global leader in AI-driven financial solutions, has appointed Rajinder Singh as its new Chief Risk Officer. From his previous positions at Citi and US Bank, Singh has accumulated a multitude of experience in the management of a variety of asset classes and has exhibited a high level of regulatory expertise. Pagaya's responsible and profitable development will be guided by Singh's oversight of all risk management aspects in his new position.
“With deep regulatory experience, coupled with a proven track record across multiple asset classes, his expertise and leadership will be instrumental as we navigate the complexities of our industry and continue to drive our strategic vision forward,” said Sanjiv Das, President of Pagaya. Singh's responsibilities are consistent with Pagaya's overarching objectives to improve risk management and stimulate growth among its significant US lending partners.
Singh’s oversight will be critical as Pagaya's network has expanded to include 120 institutional investors and 31 lending partners, indicating its ongoing growth within the US financial ecosystem. In addition, the organization expanded its funding sources by entering into a $1 billion forward flow agreement with Castlelake and obtaining its initial triple-A rating on a personal loan ABS, which positioned it for future expansion.
