Mr. Pai joined PSAM in 2003, and assumed the positions of President & Chief Operating Officer in 2014. Previously, Mr. Pai was Chief Financial Officer and Chief Operating Officer. From 2003 to 2007, he served as Senior Vice President – Product Development. Prior to joining the firm, he served as Managing Director of Lightyear Capital, a private equity investment firm, from 2000 to 2003. He was Managing Director of Paine Webber Group and President of Paine Webber Capital Inc. from 1990 to 2000. Mr. Pai received a B.S. from The Wharton School, University of Pennsylvania, and an M.B.A. from New York University’s Stern School of Business.