Business
Pagaya Strengthens Leadership Team with Two Executive Hires, Deepening Subject Matter Expertise
Former Santander consumer lending exec with 30+ years of experience, Giancarlo Marchesi, joins as General Manager, Auto and Personal Lending Pagaya appoints
About this update from Pagaya Technologies Ltd.
[{"type":"text","content":"\nFormer Santander consumer lending exec with 30+ years of experience, Giancarlo Marchesi, joins as General Manager, Auto and Personal Lending\n\n\nPagaya appoints financial services and fintech legal veteran with 25 years of experience, Eric Watson, as Chief Legal Officer\n\n\n NEW YORK & TEL AVIV, Israel--(BUSINESS WIRE)--\nPagaya Technologies Ltd. (NASDAQ: PGY) (the “Company” or “Pagaya”), a global technology company delivering artificial intelligence infrastructure for the financial ecosystem, has named two executives with proven track records to its team – Giancarlo Marchesi as General Manager and Eric Watson as Chief Legal Officer – adding to its already strong senior leadership bench.\n\n\nGiancarlo Marchesi has joined Pagaya as General Manager to oversee the Auto and Personal Lending businesses. Marchesi is well-versed in the space, having served as Chief Risk Officer for Auto at Wells Fargo, Head of Credit Risk in the Auto Division of JPMorgan Chase and most recently, Head of Consumer Lending at Santander Bank.\n\n\n“Giancarlo has the leadership experience and industry knowledge to drive Pagaya’s Auto and Personal Lending markets to new heights,” said Ashok Vaswani, President of Pagaya. “As we expand how Pagaya’s credit decisioning technology is used across different industries and markets, Giancarlo will be instrumental in helping us to continue to serve the needs of our partners every day.”\n\n\n\"With 30 years of financial services experience, I've witnessed the impact cutting-edge technology can have on improving traditional underwriting methods,\" said Marchesi. \"Pagaya has the potential to utilize its vast data network and AI capabilities to dramatically scale its lending business, and I'm incredibly excited to expand on the great work the team has done to drive success for Pagaya.\"\n\n\nEric Watson has joined Pagaya’s executive team as Chief Legal Officer and brings extensive experience as a General Counsel in the consumer lending sector. Watson began his legal career at Skadden and went on to hold senior executive roles at Sallie Mae, SoFi, and Mosaic. Most recently, he served as Senior Vice President, General Counsel and Secretary at Doma, a company innovating the real estate market with technology, taking the firm from its series-C through its IPO.\n\n\n“I am thrilled to be joining Pagaya, whose core busines...