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NMI Holdings Inc. has appointed Ravi Mallela as executive vice president and chief financial officer, effective Jan. 10, 2022, the company said today.
Mallela succeeds Adam Pollitzer who, as previously announced, will assume responsibility as president and chief executive officer on Jan. 1.
“We are delighted that Ravi is joining our exceptional team at National MI,” Pollitzer said. “He is a talented executive who brings a wealth of experience and (a) proven track record as a senior finance leader. I look forward to working closely with him and the rest of our management team as we lead with impact for our customers, community and employees, and execute on our growth and capital strategies to deliver long-term value for our shareholders.”
Mallela previously served as executive vice president, CFO, and treasurer of First Hawaiian Inc., a publicly traded bank holding company. He has broad experience leading financial reporting, planning and analysis, investor relations, corporate development, tax and treasury functions, and a track record of responsibly managing and deploying capital in a way that balances growth, risk and returns.
Earlier in his career, Mallela served as senior vice president, head of finance and treasury for First Republic Bank, and held senior management positions with Bank of Montreal and Wells Fargo.
NMI Holdings, based in Emeryville, Calif., is the parent company of National Mortgage Insurance Corp., a private mortgage insurance company enabling low down payment borrowers to realize home ownership while protecting lenders and investors against losses related to a borrower's default.