PennyMac CIO Vandad Fartaj departs; William Chang appointed as replacement

PennyMac Mortgage Investment Trust

Vandad Fartaj stepped down as Senior Managing Director and CIO of both PFSI and PMT effective March 3, 2023.
William Chang appointed Senior Managing Director and Chief Capital Markets Officer for PFSI and CIO for PMT on March 9, 2023.
Chang previously served as Deputy CIO for both companies and spent 10+ years at PennyMac.
Prior to PennyMac, Chang spent over a decade in M&A at Credit Suisse advising on $100B+ transactions.

item 5.02 item 7.01 item 9.01

Executive movements

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Departed

Vandad Fartaj

Senior Managing Director and Chief Investment Officer

PMT · PennyMac Mortgage Investment Trust

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 Mortgage Investment Trust’s (the “Company”) Senior Managing Director and Chief Investment Officer.

Appointed

William Chang

Senior Managing Director and Chief Investment Officer

PMT · PennyMac Mortgage Investment Trust

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 Investment Officer.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 1.0

Vandad Fartaj departed as Senior Managing Director and Chief Investment Officer at PennyMac Mortgage Investment Trust.

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 Mortgage Investment Trust’s (the “Company”) Senior Managing Director and Chief Investment Officer.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 1.0

William Chang was appointed as Senior Managing Director and Chief Investment Officer at PennyMac Mortgage Investment Trust.

Action: appointed
Role: Senior Managing Director and Chief Investment 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 Investment Officer.

View on SEC.gov

PennyMac Mortgage Investment Trust filing history →

Source: SEC EDGAR

accession 0001564590-23-003364

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