PennyMac announces CIO Vandad Fartaj departure; William Chang named Chief Capital Markets Officer

PennyMac Financial Services, Inc.

Vandad Fartaj ceased as Senior Managing Director and Chief Investment Officer of both PFSI and PMT on March 3, 2023.
William Chang appointed Senior Managing Director, Chief Capital Markets Officer (PFSI) and Chief Investment Officer (PMT).
Chang joined Pennymac over 10 years ago, most recently as Deputy CIO; prior Credit Suisse M&A for over a decade.
Fartaj had been with Pennymac for nearly 15 years, helping pioneer lender credit risk transfer and MSR securitizations.

item 5.02 item 7.01 item 9.01

Executive movements

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Appointed

William Chang

Senior Managing Director and Chief Capital Markets Officer

PFSI · PennyMac Financial Services, Inc.

Effective: 2023-03-09
Filed: March 9, 2023, 6:59 PM ET

On March 9, 2023, the Company announced that William Chang has been appointed as the Company’s Senior Managing Director and Chief Capital Markets Officer.

Departed

Vandad Fartaj

Senior Managing Director and Chief Investment Officer

PFSI · PennyMac Financial Services, Inc.

Effective: 2023-03-03
Successor: William Chang
Filed: March 9, 2023, 6:59 PM ET

On March 3, 2023, Vandad Fartaj ceased serving as PennyMac Financial Services, Inc.’s (the “Company”) Senior Managing Director and Chief Investment Officer.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

William Chang was appointed as Senior Managing Director and Chief Capital Markets Officer at PennyMac Financial Services, Inc..

Action: appointed
Role: Senior Managing Director and Chief Capital Markets Officer

Exact text from the filing

On March 9, 2023, the Company announced that William Chang has been appointed as the Company’s Senior Managing Director and Chief Capital Markets Officer.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Vandad Fartaj departed as Senior Managing Director and Chief Investment Officer at PennyMac Financial Services, Inc..

Action: ceased serving
Role: Senior Managing Director and Chief Investment Officer

Exact text from the filing

On March 3, 2023, Vandad Fartaj ceased serving as PennyMac Financial Services, Inc.’s (the “Company”) Senior Managing Director and Chief Investment Officer.

View on SEC.gov

PennyMac Financial Services, Inc. filing history →

Source: SEC EDGAR

accession 0001104659-23-030616

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