Pagaya Technologies Ltd. announced the appointment of Sanjiv Das as its new 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 its new and existing lending partnerships. Most recently, Das served as CEO of Caliber Home Loans, a NewRez-owned residential mortgage lending company. There, Das leveraged his deep financial expertise, consumer experience, and thought leadership to deliver record year-over-year growth in the non-banking sector.

Das 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. He has also held senior roles at Morgan Stanley, American Express and Bank of America. Das, who will begin his new role on October 16, 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. Vaswani will continue to serve as an advisor to Pagaya to help ensure a smooth and successful transition for Das.