NMI Holdings Inc. has announced the appointment of Ravi Mallila as Executive Vice President and Chief Financial Officer effective January 10, 2022, the company announced today.
Mallila succeeds Adam Pulitzer who, as previously announced, will take over as President and CEO on January 1.
“We are delighted to have Ravi join our exceptional team at National MI,” said Pulitzer. “He is a talented executive with a wealth of experience and (a) a proven track record as a Senior Financial Leader. I look forward to working closely with him and the rest of our management team as we drive with great impact to our clients, community and employees, executing our growth and capital strategies to deliver long-term value term for our shareholders.”
Malela previously served as Executive Vice President, Chief Financial Officer, and Treasurer for First Hawaiian Inc. It is a public banking holding company. He has extensive experience in driving financial reporting, planning and analysis, investor relations, corporate development, tax and treasury functions, and has a proven track record of responsible management and capital allocation in a manner that balances growth, risk and returns.
Earlier in his career, Malela served as Senior Vice President, Head of Finance and Treasury for First Republic Bank, and held senior management positions at Bank of Montreal and Wells Fargo.
NMI Holdings, headquartered in Emeryville, California, is the parent company of National Mortgage Insurance Corp. , a private mortgage insurance company that allows borrowers with a low down payment to achieve home ownership while protecting lenders and investors from losses related to borrower default.