Newtek Bank, N.A. Hires Vik Mahajan as Chief Investment Officer
NewtekOne (NASDAQ: NEWT) has announced the appointment of Vaibhav 'Vik' Mahajan as Chief Investment Officer of Newtek Bank. With 25 years of experience in investment banking and financial services, Mahajan will oversee the bank's loan sales execution, including SBA 504 loans and government-guaranteed portions of SBA 7(a) loans.
Mahajan's previous role was chief strategy officer and head of capital markets at iCreditWorks. He also led Financial Institutions Group investment banking at Deutsche Bank and Credit Suisse. He holds an MBA from the University of Rochester and a B.S. in Mechanical Engineering from the National Institute of Technology Karnataka.
In his new role, Mahajan will be responsible for optimizing the bank's loan portfolio and sourcing loan purchase and sale opportunities, leveraging his extensive capital markets contacts and experience in Depository and Specialty Finance investment banking.
NewtekOne (NASDAQ: NEWT) ha annunciato la nomina di Vaibhav 'Vik' Mahajan come Chief Investment Officer di Newtek Bank. Con 25 anni di esperienza nel settore della banca d'investimento e dei servizi finanziari, Mahajan supervisionerà l'esecuzione delle vendite di prestiti della banca, inclusi i prestiti SBA 504 e le porzioni garantite dal governo dei prestiti SBA 7(a).
Il ruolo precedente di Mahajan era quello di Chief Strategy Officer e responsabile dei mercati dei capitali presso iCreditWorks. Ha anche guidato il gruppo di investimento bancario per le istituzioni finanziarie presso Deutsche Bank e Credit Suisse. Ha conseguito un MBA presso l'Università di Rochester e una laurea in Ingegneria Meccanica presso il National Institute of Technology Karnataka.
Nel suo nuovo ruolo, Mahajan sarà responsabile dell'ottimizzazione del portafoglio prestiti della banca e della ricerca di opportunità di acquisto e vendita di prestiti, sfruttando i suoi ampi contatti nei mercati dei capitali e la sua esperienza nella banca d'investimento nel settore dei depositi e delle finanze speciali.
NewtekOne (NASDAQ: NEWT) ha anunciado el nombramiento de Vaibhav 'Vik' Mahajan como Director de Inversiones de Newtek Bank. Con 25 años de experiencia en banca de inversión y servicios financieros, Mahajan supervisará la ejecución de las ventas de préstamos del banco, incluidos los préstamos SBA 504 y las porciones garantizadas por el gobierno de los préstamos SBA 7(a).
El papel anterior de Mahajan fue el de Director de Estrategia y jefe de mercados de capitales en iCreditWorks. También lideró el grupo de banca de inversión para instituciones financieras en Deutsche Bank y Credit Suisse. Tiene un MBA de la Universidad de Rochester y una licenciatura en Ingeniería Mecánica del Instituto Nacional de Tecnología de Karnataka.
En su nuevo rol, Mahajan será responsable de optimizar la cartera de préstamos del banco y de buscar oportunidades de compra y venta de préstamos, aprovechando sus amplios contactos en los mercados de capitales y su experiencia en banca de inversión de depósitos y finanzas especializadas.
NewtekOne (NASDAQ: NEWT)는 Vaibhav 'Vik' Mahajan을 Newtek Bank의 최고 투자 책임자로 임명했다고 발표했습니다. 투자 은행 및 금융 서비스 분야에서 25년의 경험을 가진 Mahajan은 SBA 504 대출 및 정부 보증의 SBA 7(a) 대출을 포함하여 은행의 대출 판매 실행을 감독할 것입니다.
Mahajan의 이전 역할은 iCreditWorks의 최고 전략 책임자 및 자본 시장 책임자였습니다. 그는 또한 Deutsche Bank와 Credit Suisse에서 금융 기관 그룹의 투자 은행 업무를 이끌었습니다. 그는 로체스터 대학교에서 MBA를, 카르나타카 국립 기술 연구소에서 기계 공학 학사 학위를 받았습니다.
새로운 역할에서 Mahajan은 은행의 대출 포트폴리오를 최적화하고 대출 매입 및 판매 기회를 찾는 책임을 지며, 그의 광범위한 자본 시장 연락처와 예치금 및 전문 금융 투자 은행 경험을 활용할 것입니다.
NewtekOne (NASDAQ: NEWT) a annoncé la nomination de Vaibhav 'Vik' Mahajan en tant que directeur des investissements de Newtek Bank. Fort de 25 ans d'expérience dans la banque d'investissement et les services financiers, Mahajan supervisera l'exécution des ventes de prêts de la banque, y compris les prêts SBA 504 et les portions garanties par le gouvernement des prêts SBA 7(a).
Avant cela, Mahajan était directeur de la stratégie et responsable des marchés de capitaux chez iCreditWorks. Il a également dirigé le groupe d'investissement bancaire pour les institutions financières chez Deutsche Bank et Credit Suisse. Il est titulaire d'un MBA de l'Université de Rochester et d'une licence en ingénierie mécanique du National Institute of Technology Karnataka.
Dans son nouveau rôle, Mahajan sera responsable d'optimiser le portefeuille de prêts de la banque et de rechercher des opportunités d'achat et de vente de prêts, en s'appuyant sur ses vastes contacts dans les marchés de capitaux et son expérience dans la banque d'investissement en dépôts et en finances spécialisées.
NewtekOne (NASDAQ: NEWT) hat die Ernennung von Vaibhav 'Vik' Mahajan zum Chief Investment Officer der Newtek Bank bekannt gegeben. Mit 25 Jahren Erfahrung im Investmentbanking und in den Finanzdienstleistungen wird Mahajan die Ausführung der Darlehensverkäufe der Bank überwachen, einschließlich der SBA 504-Darlehen und der vom Staat garantierten Teile der SBA 7(a)-Darlehen.
Mahajans vorherige Rolle war Chief Strategy Officer und Leiter der Kapitalmärkte bei iCreditWorks. Er leitete auch das Investmentbanking für Finanzinstitute bei Deutsche Bank und Credit Suisse. Er hat einen MBA von der University of Rochester und einen B.S. in Maschinenbau vom National Institute of Technology Karnataka.
In seiner neuen Rolle wird Mahajan dafür verantwortlich sein, das Darlehensportfolio der Bank zu optimieren und Möglichkeiten zum Kauf und Verkauf von Darlehen zu finden, wobei er auf seine umfangreichen Kontakte in den Kapitalmärkten und seine Erfahrung im Investmentbanking für Depot- und Spezialfinanzierungen zurückgreifen kann.
- Strategic hire with 25 years of investment banking expertise
- Strong capital markets network from Deutsche Bank and Credit Suisse experience
- Expected optimization of SBA loan sales execution
- Enhancement of bank's loan portfolio management capabilities
- None.
BOCA RATON, Fla., March 05, 2025 (GLOBE NEWSWIRE) -- NewtekOne, Inc. (the “Company”) (NASDAQ: NEWT) announced today that Newtek Bank. N.A., the Company’s bank subsidiary, has hired Vaibhav “Vik” Mahajan as Chief Investment Officer. Mr. Mahajan will be responsible for enhancing and optimizing Newtek Bank’s execution of loan sales, including SBA 504 loans and the government-guaranteed portions of SBA 7(a) loans; in addition, he will run point on sourcing loan purchase and sale opportunities for Newtek Bank. With 25 years of experience in investment banking, financial services, and consulting, Vik brings a wealth of knowledge, experience, and contacts to Newtek Bank. Most recently, Mr. Mahajan was chief strategy officer and head of capital markets and data analytics for iCreditWorks where he led strategic initiatives across business expansion, commercial partnerships, and capital markets. Prior to iCreditWorks, Vik led the Financial Institutions Group (FIG) investment banking efforts at Deutsche Bank and Credit Suisse. Mr. Mahajan holds an M.B.A. from the University of Rochester’s William E. Simon Graduate School of Business Administration and a B.S. in Mechanical engineering from the National Institute of Technology Karnataka, a top ten engineering school in India.
Barry Sloane, President, Chairman and CEO said, “We are fortunate to have attracted an individual with the experience and skillset of Mr. Mahajan. As part of Newtek Bank’s strategy to originate and sell SBA 504 and the government-guaranteed portions of SBA 7(a) loans, Vik will play an instrumental role in maximizing outcomes in the execution of loan sales. He will also lead efforts to source other loan purchase and sale opportunities as we optimize the Bank’s loan portfolio. Mr. Mahajan’s contacts across capital markets and his experience as a Depository and Specialty Finance investment banker should prove invaluable as we continue our journey as a financial holding company.”
Mr. Mahajan remarked, “I am thrilled to join the exceptional team at NewtekOne. Having known Barry and the NewtekOne platform for over 12 years from my time in investment banking, I have always admired the Company’s innovative business model. I believe that NewtekOne is uniquely positioned to deliver top-tier financial solutions to independent business owners, and I am excited to be given the opportunity to contribute to the Company’s next chapter of growth and success.”
About NewtekOne, Inc.
NewtekOne®, Your Business Solutions Company®, is a financial holding company, which along with its bank and non-bank consolidated subsidiaries (collectively, “NewtekOne”), provides a wide range of business and financial solutions under the Newtek® brand to independent business owners. Since 1999, NewtekOne has provided state-of-the-art, cost-efficient products and services and efficient business strategies to independent business owners across all 50 states to help them grow their sales, control their expenses, and reduce their risk.
NewtekOne’s and its subsidiaries’ business and financial solutions include: banking (Newtek Bank, N.A.), Business Lending, SBA Lending Solutions, Electronic Payment Processing, Accounts Receivable Financing & Inventory Financing, Insurance Solutions and Payroll and Benefits Solutions. In addition, NewtekOne offers its clients the Technology Solutions (Cloud Computing, Data Backup, Storage and Retrieval, IT Consulting and Web Services) provided by Intelligent Protection Management Corp. (IPM.com).
Newtek®, NewtekOne®, Newtek Bank®, National Association, Your Business Solutions Company®, One Solution for All Your Business Needs® and Newtek Advantage are registered trademarks of NewtekOne, Inc.
Note Regarding Forward-Looking Statements
Certain statements in this press release are “forward-looking statements” within the meaning of the rules and regulations of the Private Securities Litigation and Reform Act of 1995 are based on the current beliefs and expectations of NewtekOne's management and are subject to significant risks and uncertainties. Actual results may differ materially from those set forth in the forward-looking statements. See “Note Regarding Forward-Looking Statements” and the sections entitled “Risk Factors” in our filings with the Securities and Exchange Commission which are available on NewtekOne's website (https://investor.newtekbusinessservices.com/sec-filings) and on the Securities and Exchange Commission’s website (www.sec.gov). Any forward-looking statements made by or on behalf of NewtekOne speak only as to the date they are made, and NewtekOne does not undertake to update forward-looking statements to reflect the impact of circumstances or events that arise after the date the forward-looking statements were made.
SOURCE: NewtekOne, Inc.
Investor Relations & Public Relations
Contact: Bryce Rowe
Telephone: (212) 273-2858 / browe@newtekone.com
FAQ
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