Radian Appoints Sumita Pandit as Chief Financial Officer
May 18 2023 - 4:00PM
Business Wire
Radian Group Inc. (NYSE:RDN) today announced that Sumita Pandit
has been named Senior Executive Vice President and Chief Financial
Officer (CFO), effective immediately. She succeeds J. Franklin Hall
in this role, who served as CFO until December 2022.
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Sumita Pandit, Senior Executive Vice
President, Chief Financial Officer, Radian (Photo: Business
Wire)
Pandit joined Radian in March 2023 as the company’s first Chief
Growth Officer, working with Chief Executive Officer Rick
Thornberry and Radian’s executive leadership team to develop and
execute the company’s long-term growth and innovation plans. As
Chief Financial Officer, Pandit will retain those strategic and
business development duties while assuming responsibility for all
Radian financial functions, including financial reporting,
financial planning and analysis, enterprise capital planning,
investment portfolio management and other treasury activities,
investor relations, and tax.
“We are pleased to appoint Sumita as our new Chief Financial
Officer,” said Thornberry. “She brings to the CFO role an
exceptional blend of financial markets and investment banking
expertise as well as years of experience in strategically growing
businesses. In her short time at Radian, Sumita has developed a
strong understanding of our businesses and our strategic goals as
well as the strength of our capital position including the
strategic flexibility it provides to us today and into the
future.”
Pandit has more than two decades of experience in investment
banking, advising companies across verticals in fintech, including
payments, financial software, neo-banks, and insurance technology.
She joined Radian after serving more than two years as the Chief
Operating Officer of a global financial technology company dLocal,
where she oversaw client management, marketing, investor relations,
and corporate development. In 2021, she was named to the Top 25
Women Leaders in Financial Technology list by The Financial
Technology Report.
Prior to dLocal, Pandit worked at J.P. Morgan in several
Managing Director roles, including as Global Head of FinTech
Investment Banking. Before joining J.P. Morgan, Pandit was a Vice
President at Goldman Sachs in their Financial Institutions Group.
Pandit earned an MBA from The Wharton School at the University of
Pennsylvania, where she was a Palmer Scholar. She is currently a
board member at donor management company Pushpay.
“Radian is a proven industry leader with an excellent team and
culture, combined with a very strong financial position, and I am
honored and excited to serve as its Chief Financial Officer,”
Pandit said. “Radian’s focus on innovation in the mortgage and real
estate services markets positions the company well, and I look
forward to helping the company achieve its strategic
objectives.”
About Radian
Radian Group Inc. (NYSE: RDN) is ensuring the American dream of
homeownership responsibly and sustainably through products and
services that include industry-leading mortgage insurance and a
comprehensive suite of mortgage, risk, title, valuation, asset
management and other real estate services. We are powered by
technology, informed by data and driven to deliver new and better
ways to transact and manage risk. Visit radian.com and
homegenius.com to learn more about how Radian and its pioneering
homegenius platform are building a smarter future for mortgage and
real estate services.
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version on businesswire.com: https://www.businesswire.com/news/home/20230518005731/en/
For Investors: John Damian - Phone: 215.231.1383 email:
john.damian@radian.com
For the Media: Rashi Iyer - Phone 215.231.1167 email:
rashi.iyer@radian.com
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