Key facts
- Kenneth Posner has been appointed as the new Chief Financial Officer of Sagent.
- Posner will be responsible for overseeing the company's financial operations and strategy.
- He has over 30 years of experience in the mortgage banking and financial services sectors.
- Posner previously held leadership roles at Mr. Cooper Group and co-founded Capital Bank Financial Corp.
- His appointment comes as Sagent scales its mortgage servicing platform, Dara.
Sagent has appointed Kenneth Posner as its new Chief Financial Officer, the company announced Tuesday. Posner, who brings over three decades of experience in mortgage banking and financial services, will be responsible for overseeing Sagent's financial operations and strategy.
Prior to joining Sagent, Posner held significant roles including leading strategy and investor relations at Mr. Cooper Group, where he contributed to its growth before its acquisition by Rocket Companies. He also co-founded Capital Bank Financial Corp. and previously served as a senior research analyst at Morgan Stanley, specializing in mortgage, financial services, and fintech companies.
Posner succeeds Jaime Gow, who has moved to become the first CFO of the Texas Stock Exchange. Sagent Chairman and CEO Chris Marshall expressed confidence that Posner's market expertise and operational experience will be instrumental in the company's next phase of growth. Sagent President Sridhar Sharma also noted Posner's financial and strategic insights will be crucial as the company expands its Dara mortgage servicing platform.
Posner stated his attraction to Sagent's commitment to innovation in mortgage technology and its "radical new capabilities" for the industry.