Home / Daily Dose / Radian Appoints Sumita Pandit SVP and CFO
Print This Post Print This Post

Radian Appoints Sumita Pandit SVP and CFO

Sumita Pandit, SVP and CFO, Radian Group Inc.

Radian Group Inc. has named Sumita Pandit as its new SVP and CFO, effective immediately. Pandit succeeds J. Franklin Hall in this role, who served as CFO until December of 2022.

Pandit joined Radian in March 2023 as the company’s first Chief Growth Officer, working with Radian CEO Rick Thornberry and Radian’s executive leadership team to develop and execute the company’s long-term growth and innovation plans.

As CFO, Pandit will retain those strategic and business development duties, while assuming responsibility for all Radian financial functions, including financial reporting, financial planning and analysis, enterprise capital planning, investment portfolio management and other treasury activities, investor relations, and tax.

“We are pleased to appoint Sumita as our new Chief Financial Officer,” said Thornberry. “She brings to the CFO role an exceptional blend of financial markets and investment banking expertise as well as years of experience in strategically growing businesses. In her short time at Radian, Sumita has developed a strong understanding of our businesses and our strategic goals as well as the strength of our capital position including the strategic flexibility it provides to us today and into the future.”

Pandit has more than two decades of experience in investment banking, advising companies across verticals in fintech, including payments, financial software, neo-banks, and insurance technology. She joined Radian after serving more than two years as the COO of a global financial technology company dLocal, where she oversaw client management, marketing, investor relations, and corporate development.

Prior to dLocal, Pandit worked at J.P. Morgan in several Managing Director roles, including as Global Head of FinTech Investment Banking. Before joining J.P. Morgan, Pandit was a VP at Goldman Sachs in their Financial Institutions Group. Pandit earned an MBA from The Wharton School at the University of Pennsylvania, where she was a Palmer Scholar. She is currently a board member at donor management company Pushpay.

“Radian is a proven industry leader with an excellent team and culture, combined with a very strong financial position, and I am honored and excited to serve as its Chief Financial Officer,” Pandit said. “Radian’s focus on innovation in the mortgage and real estate services markets positions the company well, and I look forward to helping the company achieve its strategic objectives.”

About Author: Eric C. Peck

Eric C. Peck has 20-plus years’ experience covering the mortgage industry, he most recently served as Editor-in-Chief for The Mortgage Press and National Mortgage Professional Magazine. Peck graduated from the New York Institute of Technology where he received his B.A. in Communication Arts/Media. After graduating, he began his professional career with Videography Magazine before landing in the mortgage space. Peck has edited three published books and has served as Copy Editor for Entrepreneur.com.

Check Also

Federal Reserve Holds Rates Steady Moving Into the New Year

The Federal Reserve’s Federal Open Market Committee again chose that no action is better than changing rates as the economy begins to stabilize.