Pagaya, a global, data-driven financial technology company reshaping asset management, today announced the hire of Peter Silberstein as Head of Capital Development, further fueling the firm’s growth.
Last year, Pagaya hired five finance industry veterans, including Robert McDonald as General Manager of Auto Finance and Paul Limanni as Head of Capital Markets. The firm is deploying billions of dollars into personal loans and auto loans and has started expansion into point-of-sale products, credit cards, and single-family rentals. Pagaya’s multi-vertical advancement and extensive network of lending partners are on an unmatched trajectory.
“We will continue to add talented, multifaceted professionals across all verticals as we expand our product offerings to new partners and investors,” said Benjamin Blatt, Pagaya’s Chief Business Officer. “Peter’s background aligns perfectly with our organizational goals.”
A finance industry veteran, Silberstein previously held various strategic roles at Social Finance Inc. (SoFi), Goldman Sachs, and Morgan Stanley. Silberstein most recently served as the Head of Capital Markets at Figure Technologies, Inc. (Figure), where he led the capital markets division and managed the company’s funding and execution strategies.
“I’m excited to join a company that puts so much emphasis on innovation for partners, investors, and ultimately consumers,” said Silberstein. “I look forward to advancing the efforts on all fronts.”
About Pagaya
Pagaya Technologies 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 investment vehicles 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 consolidated firm’s total assets under management is over $3 billion. Founded in 2016 by seasoned finance and technology professionals, Pagaya has headquarters in New York and Tel Aviv.
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