Santander Consumer USA Names RL Prasad as Chief Risk Officer and Joshua Baer as Head of Pricing and Strategy
Santander Consumer USA Holdings Inc. (NYSE: SC) has announced the appointment of Ramamurthy Lakshmana "RL" Prasad as Chief Risk Officer, succeeding Joshua Baer, who becomes Head of Pricing and Strategy, effective January 1, 2021. Prasad previously served as Deputy Chief Risk Officer and has over 20 years of experience in risk management roles, including positions at Visa Inc. Baer has been with Santander since February 2018 and has extensive experience in consumer credit risk analytics.
- Appointment of RL Prasad as Chief Risk Officer highlights internal talent development.
- Prasad's previous experience at Visa and other major financial institutions adds strong leadership to risk management.
- None.
DALLAS, Dec. 2, 2020 /PRNewswire/ -- Santander Consumer USA Holdings Inc. (NYSE: SC) ("SC" and "the Company"), has named Ramamurthy Lakshmana "RL" Prasad as Chief Risk Officer, succeeding Joshua Baer, who will serve as Head of Pricing and Strategy. The appointments are effective Jan. 1, 2021. Both Mr. Prasad and Mr. Baer will continue to serve on the SC leadership team and report directly to Mahesh Aditya, President and CEO of SC.
"I am pleased to announce RL's and Josh's new roles on the SC management team," said Mahesh Aditya. "RL has worked closely with Josh over the last year, and brings tremendous industry and institutional experience to our risk organization. Josh's unique understanding of how to operate a robust pricing and strategy team within risk standards for large financial institutions will be a strength for us. These changes demonstrate our ability to leverage the strong talent pool we have built in the organization."
Mr. Prasad has served as SC's Deputy Chief Risk Officer since February 2020. Prior to joining SC, he served as Head of Global Payments Risk and Global Head of Risk Services for Visa Inc. In his 20+ years career Mr. Prasad has also held senior enterprise leadership roles in credit and risk at Standard Chartered Bank and Citigroup. He earned his MBA at Bharathidasan Institute of Management, Trichy, and earned a bachelor's degree in commerce and economics from Madras University.
Mr. Baer has been SC's Chief Risk Officer since February 2018, after having served as Head of Risk and Operations Strategy for Santander US. Prior to joining Santander, he spent more than 12 years at Capital One in a variety of senior leadership roles, including serving as Head of Consumer Credit Risk Analytics, and Chief Financial Officer for the Mortgage and Bank Operations and Technology lines of business. Mr. Baer also served as Chief Fiinancial Officer and Chief Operating Officer for Tambourine, Inc., and worked in management and strategic consulting for GP Strategies Corporation and Accenture. He earned his MBA from University of California, Berkeley, and earned a bachelor's degree in finance from James Madison University.
About Santander Consumer USA Holdings Inc.
Santander Consumer USA Holdings Inc. (NYSE: SC) ("SC") is a full-service consumer finance company focused on vehicle finance, third-party servicing and delivering superior service to our more than 3.1 million customers across the full credit spectrum. SC, which began originating retail installment contracts in 1997, had an average managed asset portfolio of approximately
CONTACTS:
Santander US Investor Relations
Evan Black
800.493.8219
InvestorRelations@santanderconsumerusa.com
Santander US Media Relations
Laurie Kight
214.801.6455
mediarelations@santander.us
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SOURCE Santander Consumer USA Holdings Inc.
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