Pagaya, a global, data-driven asset manager, today announced the hire of five finance industry veterans. Jeff Andrews and Paul Limanni joined Pagaya as Head of Originations and Head of Structured Products, respectively. Brandon McCue joined as Senior Managing Director of Client Advisory, Rob Brady as Senior Managing Director of Institutional Sales US, and Anna Roubos as VP of Brand & Communications. Deeply rooted in fintech and finance, these highly-skilled leaders fuel Pagaya’s transformation of asset management.
Pagaya has forged a path for more intelligent institutional investing with its data-driven asset management — only made possible by its proprietary artificial intelligence (AI). “While we’ve been primarily focused on consumer credit thus far, we’ve proven the resiliency of our AI-led investment strategies, consistently delivering above-market-average returns for investors while remarkably improving the speed and accuracy of underwriting,” said Gal Krubiner, Pagaya’s Co-Founder and CEO. “These new hires will play an integral role as Pagaya moves beyond consumer credit and leads the adoption of data-driven decision-making in new asset classes, advancing asset management at-large.”
Andrews’ marketplace lending experience will be immensely valuable in his role at Pagaya. Andrews was VP of Strategic Partnerships at LendingClub (NYSE: LC) and oversaw the team that built a broad array of multifaceted relationships with asset managers, custodians and service providers.
Limanni is an expert structured finance investor who previously led Shelter Growth Capital Partners’ investments in consumer credit asset-backed securities (ABS) and other loan products, as well as sourcing and structuring. At Pagaya, Limanni will oversee all structured deals as the firm moves into new asset classes.
McCue brings decades of asset management expertise to Pagaya. Previously, McCue was the US Director of Business Development at Moore Capital Management. He has also served as Executive Director and Co-Head of Client Advisory at FrontPoint Partners and Vice President and Director of AllianceBernstein hedge fund investments.
Brady has extensive experience working with institutional investors as an asset manager and investment banker. Most recently, Brady was a partner and Director of Institutional Sales at Brigade Capital. At Pagaya, he will utilize his network to bring the firm’s data-driven investment strategies to even more institutional investors.
Roubos is a seasoned communications leader who has worked with major fintech startups like Credit Karma and Robinhood. As the founder of Table Public Relations (acquired by Just Drive Media), Roubos led Pagaya’s public relations initiatives as the company evolved from an early-stage startup to a global asset management firm. She will now usher in the next chapter of Pagaya’s holistic identity.
“Our ability to draw top talent speaks to Pagaya’s unique approach to asset management,” said Krubiner. “These five leaders bring the right mix of specialized skills and experience to guide Pagaya as we continue to reshape asset management.”
These hires continue a monumental year for Pagaya. The firm closed a $200 million consumer credit ABS in February. In May, Pagaya expanded its U.S. West Coast presence and effectively re-opened the consumer credit ABS market with a second $200 million deal that established the firm as a 2020 top-5 issuer (up from its 2019 top-10 issuer position; according to Finsight). Despite economic uncertainty, Pagaya secured a $102 million Series D in June and has grown to $2 billion assets under management. The firm is continuing to expand and currently has open positions in DevOps, HR, and sales.
Pagaya is a financial technology company reshaping asset management using machine learning and big data analytics to manage institutional money. With a focus on fixed income and alternative credit, Pagaya offers a variety of discretionary funds to institutional investors, including pension funds, insurance companies, and banks. Pagaya’s unique technology platform, Pagaya Pulse, runs on a suite of artificial intelligence technologies and state-of-the-art algorithms to consistently deliver a high and scalable performance edge. The firm’s total consumer credit ABS issuance is over $1 billion. Founded in 2016 by seasoned finance and technology professionals, Pagaya has headquarters in New York and Tel Aviv.