U.S.-based mortgage insurance specialist NMI Holdings has appointed Aurora Swithenbank as Executive Vice President (EVP) and Chief Financial Officer (CFO), effective May 1, 2024.
Swithenbank will succeed Ravi Mallela, who has held the role since 2022 and will remain with the company to ensure a seamless transition.
Adam Pollitzer, National MI’s President and Chief Executive Officer, commented, “Aurora is a uniquely talented executive with an impressive track record of leadership in the banking and insurance industries, and I am delighted to welcome her to our team.
“I look forward to working closely with her and the rest of our executive team as National MI continues to deliver innovative solutions for our customers and their borrowers, and execute on our long-term growth and capital strategies to drive value for shareholders.
“On behalf of the Board and our broader executive team, I would also like to thank Ravi for his partnership and for the significant contributions he has made to National MI. As Chief Financial Officer, he has helped us deliver strong growth in our high-quality insured portfolio, best-in-class credit performance, and record financial results. We wish Ravi the best as he continues his successful career.”
Swithenbank is an industry veteran, having previously served as CFO at Vantage Group Holdings Ltd., a Bermuda-based specialty re/insurance group, where she led the organization of the company’s finance department.
Before Vantage, Swithenbank spent more than 20 years at Goldman Sachs in several roles, including most recently as a Partner and Head of Insurance in the Americas Financing Group.
