Ralph L. Leung, a seasoned fintech and technology executive from Silicon Valley, has joined Pagaya as Chief Operating Officer and Chief Commercial Officer.
Date – 05-Aug-2024
The addition of industry veteran Ralph L. Leung, with over 25 years of experience, further enhances Pagaya’s executive leadership team, bringing in-depth expertise in capital markets, monetization, and operations.
Pagaya Technologies LTD., a global leader in AI-driven financial technology solutions, has announced the appointment of Ralph L. Leung as Chief Operating Officer and Chief Commercial Officer. This newly created role will see Leung drive innovation within Pagaya’s capital markets function, strengthen its funding capabilities, and lead the company’s monetization strategy and operations for its expanding lending partner network. Additionally, he will oversee Pagaya’s AI-driven research, data, and credit strategy.
“We are excited to welcome Ralph to Pagaya,” said Sanjiv Das, President of Pagaya Technologies. “His profound understanding of our business model and insight into partner and investor needs will be invaluable as we continue our strategic growth. Ralph’s expertise will play a crucial role in scaling our operations, enhancing unit economics, and advancing our mission to expand financial opportunities.”
Leung, who previously served as CFO at Achieve, a leading digital personal finance fintech, led profitable growth initiatives and executed a multi-year digital transformation. He also built a robust capital markets funding model and established key corporate equity and debt structures. Before Achieve, Leung was CFO at Fivestars, where he guided the company through a successful acquisition by SumUp. Earlier in his career, he was a senior investment banker at Morgan Stanley, advising technology and fintech clients on M&A, equity, and debt transactions.
“I am confident that Pagaya is positioned to become the leading technology player in the consumer lending space,” said Leung. “I look forward to collaborating with Gal and Sanjiv to advance Pagaya’s strategic vision and drive growth for our partners and investors.”
