PennyMac announces departure of Chief Capital Markets Officer Chang; Elbaum named interim successor

PennyMac Financial Services, Inc.

William Chang steps down as Chief Capital Markets Officer (PFSI) and Chief Investment Officer (PMT), effective Oct 11, 2024.
Mark Elbaum, Managing Director, Strategic Initiatives, appointed interim Chief Capital Markets Officer for PFSI and CIO for PMT.
Chang is leaving to pursue other interests in mortgage banking; CEO Spector thanks him for over a decade of service.
Elbaum previously held capital markets leadership roles at Homepoint, Bank of America, and Countrywide.

item 5.02 item 7.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Departed

William Chang

Senior Managing Director and Chief Capital Markets Officer

PFSI · PennyMac Financial Services, Inc.

Effective: 2024-10-11
Successor: Mark Elbaum
Filed: October 3, 2024, 7:59 PM ET

On September 27, 2024, William Chang announced that he will step down from his role as Senior Managing Director and Chief Capital Markets Officer of PennyMac Financial Services, Inc. (the “Company”) effective October 11, 2024.

Appointed (interim)

Mark Elbaum

Chief Capital Markets Officer

PFSI · PennyMac Financial Services, Inc.

Effective: 2024-10-11
Filed: October 3, 2024, 7:59 PM ET

On October 3, 2024, the Company announced that Mark Elbaum, Managing Director, Strategic Initiatives, will assume the responsibilities of Chief Capital Markets Officer upon Mr. Chang's departure on an interim basis.

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 departed as Senior Managing Director and Chief Capital Markets Officer at PennyMac Financial Services, Inc..

Action: stepping down
Role: Senior Managing Director and Chief Capital Markets Officer

Exact text from the filing

On September 27, 2024, William Chang announced that he will step down from his role as Senior Managing Director and Chief Capital Markets Officer of PennyMac Financial Services, Inc. (the “Company”) effective October 11, 2024.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Mark Elbaum was appointed as Chief Capital Markets Officer at PennyMac Financial Services, Inc..

Action: appointed
Role: Chief Capital Markets Officer

Exact text from the filing

On October 3, 2024, the Company announced that Mark Elbaum, Managing Director, Strategic Initiatives, will assume the responsibilities of Chief Capital Markets Officer upon Mr. Chang's departure on an interim basis.

View on SEC.gov

PennyMac Financial Services, Inc. filing history →

Source: SEC EDGAR

accession 0001104659-24-105883

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.