Mr. Pai joined PSAM in 2003, and assumed the positions of President & Chief Operating Officer in 2014. In 2015, Mr. Pai became Interim Chief Risk Officer. 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.