Ashish Mahajan Joins PenFed Credit Union as Senior Vice President of Enterprise Data

Former TD Bank executive will lead newly created Enterprise Data Management Function

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Oct 24, 2018, 13:42 ET

TYSONS, Va., Oct. 24, 2018 /PRNewswire/ -- PenFed Credit Union today announced Ashish Mahajan has joined the nation's second largest federal credit union as its first Senior Vice President of Enterprise Data. Mahajan will be responsible for developing Enterprise Data Management (EDM) functions including data strategy, governance, and futuristic capabilities for analytics and business intelligence. He will report to PenFed's First Senior Executive Vice President Lisa Jennings.

Ashish Mahajan, PenFed Credit Union Senior Vice President of Enterprise Data

Mahajan's work will form the data foundation to provision of high-quality data and establish the build of capabilities for deep analytics, machine learning, and artificial intelligence.

"Ashish brings a tremendous amount of knowledge and talent to the PenFed team having led data-driven business transformations at several Fortune 500 companies in the financial, automotive, and consulting industries," said PenFed President and CEO James Schenck. "As we continue to grow our operations, strategic data management and data-driven business transformations are essential to competing in the global marketplace. Ashish will help us establish world-class level operations."

Mahajan joins PenFed from TD Bank where he served as Senior Executive and Senior Vice President of Data Management and Technologies. With a career that spans over 21 years, Mahajan has spent the last 18 years leading data management transformations and successfully monetizing data. Prior to TD Bank, he held senior positions at PNC Bank, General Motors, and Deloitte Consulting.

Within the banking industry, Mahajan has led the build of data assets and capabilities that have enabled delivery of high-quality, integrated and governed data for risk, and regulatory and financial compliance initiatives such as Comprehensive Capital Analysis and Review (CCAR), Dodd-Frank, International Financial Reporting Standards (IFRS), Basel Committee on Banking Supervision (BCBS), liquidity management, and others.

As a data management leader and visionary, he has been instrumental in evolving the must-have, foundational data capabilities to revenue producing solutions like big data, data lab, and analytics environments for both cross-sell and upsell opportunities, cost avoidance, customer analytics, and credit card fraud analytics.

Mahajan holds a Masters of Science and Engineering in Bio-Medical Engineering from University of Memphis, and an undergraduate degree in Mechanical Engineering from Punjab Engineering College, India.

About PenFed Credit Union
Established in 1935 as the War Department Credit Union, Pentagon Federal Credit Union (PenFed) is America's second-largest federal credit union, serving 1.7 million members worldwide with over $24 billion in assets. Our mission is to help members reach their financial potential. PenFed Credit Union offers market-leading mortgages, automobile loans, credit cards, student loans, checking, certificates, and a wide range of other financial services with members' interests always in mind. We have a proud history of serving those in the Armed Forces, Department of Defense, Department of Homeland Security, Military Associations, eligible veterans and retirees, and their families. You may also qualify through membership in select organizations within our field of membership. PenFed Credit Union is federally insured by the NCUA and is an Equal Housing Lender. To learn more about PenFed Credit Union, visit PenFed.org, like us on Facebook and follow us @PenFed on Twitter. Interested in working for PenFed? Check us out on LinkedIn. We are proud to be an Equal Employment Opportunity Employer.

SOURCE PenFed Credit Union