Effective as of November 14, 2023, Ms. Nicole Torraco has been appointed by Pagaya Technologies Ltd.?s board of directors to serve as an independent director of the company to fill the current vacancy on the Board. The appointment of Ms. Torraco was recommended by the Nominating and Corporate Governance Committee of the Company. Ms. Torraco, age 45, was most recently the President of FITTLE.

She grew FITTLE into a global diversified leasing business and led, among other things, forward funding deals and securitizations for FITTLE. Ms. Torraco served on Xerox?s Executive Committee and Enterprise Risk Management Committee, and was a Director on the Board of Xerox Financial Services LLC. Prior to leading FITTLE, Ms. Torraco served as Xerox?s Chief Strategy and M&A Officer.

Before joining Xerox in 2018, she was a Principal at Onex Credit, a global debt securities investor, from 2010 to 2018. Prior to that, Ms. Torraco served as a Director, Distressed and Special Situations, at Babson Capital Management. Ms. Torraco received her undergraduate degree from Harvard College and her Master of Business Administration from the Wharton School at the University of Pennsylvania.

Ms. Torraco also has a Director Qualification from the American College of Corporate Directors (ACCD).