Pagaya Technologies Names Former Xerox Executive Nicole Torraco to its Board of Directors
November 29 2023 - 7:30AM
Business Wire
Pagaya Technologies Ltd. (“Pagaya”) (NASDAQ: PGY), a global
technology company delivering AI-driven product solutions for the
financial ecosystem, announced today the appointment of Nicole
Torraco to its Board of Directors earlier this month.
“Nicole brings 20 years of experience in M&A, investment and
risk management, and corporate strategy to Pagaya’s board as we
execute on our next phase of growth,” said Gal Krubiner, co-Founder
and CEO of Pagaya. “As we continue to scale our lending network and
product offerings, Nicole’s expertise and passion for innovative
technology solutions and product development makes her an
invaluable asset to Pagaya, and we are pleased to welcome her as we
continue to help our partners create more financial opportunities
for more people, more often.”
Torraco was most recently the President of FITTLE, the financing
arm of Xerox Corporation. She grew FITTLE into a global specialty
finance business, while also serving 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,
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,
Torraco served as a Director, Distressed and Special Situations, at
Babson Capital Management. She is also an advisory board member at
Teach for America, Connecticut.
“I am honored and privileged to join Pagaya’s Board. Gal and his
team have developed an AI-driven lending network and product
offering that has transformed the consumer finance ecosystem,” said
Torraco. “I look forward to supporting the team as they continue to
grow this business and achieve their medium-term financial goals,
including reaching $25 billion in network volume.”
About Pagaya Technologies Ltd.
Pagaya (NASDAQ: PGY) is a global technology company making
life-changing financial products and services available to more
people nationwide, as it reshapes the financial services ecosystem.
By using machine learning, a vast data network and a sophisticated
AI-driven approach, Pagaya provides comprehensive consumer credit
and residential real estate solutions for its partners, their
customers, and investors. Its proprietary API and capital solutions
integrate into its network of partners to deliver seamless user
experiences and greater access to the mainstream economy. Pagaya
has offices in New York and Tel Aviv. For more information, visit
pagaya.com.
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