Newtek Bank’s New Chief Investment Officer: Vaibhav “Vik” Mahajan
On March 5, 2025, NewtekOne, Inc. announced the appointment of Vaibhav “Vik” Mahajan as the new Chief Investment Officer (CIO) of Newtek Bank, N.A., the bank subsidiary of the Company. This strategic hire is expected to significantly enhance and optimize Newtek Bank’s loan sales, focusing on SBA 504 loans and the government-guaranteed portions of SBA 7(a) loans. Additionally, Mr. Mahajan will lead the sourcing of loan purchase and sale opportunities for Newtek Bank.
Background and Experience
Mr. Mahajan boasts an impressive 25-year career in investment banking, financial services, and consulting. Most recently, he served as the chief strategy officer and head of capital markets and data analytics for iCreditWorks. During his tenure, he spearheaded strategic initiatives across business expansion, commercial partnerships, and capital markets.
Before iCreditWorks, Mr. Mahajan led the Financial Institutions Group (FIG) investment banking efforts at Deutsche Bank and Credit Suisse. His expertise in banking and finance, combined with his extensive network of industry contacts, make him a valuable addition to Newtek Bank.
Education
Mr. Mahajan holds a Master of Business Administration (M.B.A.) from the University of Rochester’s William E. Simon Graduate School of Business Administration. He also earned a Bachelor of Science (B.S.) in Mechanical Engineering from the National Institute of Technology Karnataka, a top ten engineering school in India.
Impact on Individuals
For individuals seeking business loans, especially those backed by the Small Business Administration (SBA), the appointment of Mr. Mahajan as CIO may result in improved loan processing times and more favorable terms. Newtek Bank’s enhanced loan sales execution is expected to lead to increased loan availability and more competitive pricing for borrowers.
Impact on the World
The hiring of Mr. Mahajan as Newtek Bank’s CIO could potentially influence the broader financial services industry. As SBA loans are a significant source of funding for small businesses, the optimized execution of these loans by Newtek Bank could set a new standard for other financial institutions. The success of Newtek Bank under Mr. Mahajan’s leadership may encourage competition among other lenders to improve their own loan sales processes.
Conclusion
Newtek Bank’s recent hiring of Vaibhav “Vik” Mahajan as its new Chief Investment Officer signifies a commitment to enhancing and optimizing the bank’s loan sales processes. With his extensive experience in investment banking, financial services, and consulting, Mr. Mahajan is well-positioned to lead Newtek Bank in executing SBA loans and sourcing loan purchase and sale opportunities. The positive impact of this hire is expected to extend beyond Newtek Bank, potentially setting a new standard for the broader financial services industry.
- Newtek Bank hires Vaibhav “Vik” Mahajan as Chief Investment Officer
- Mr. Mahajan to optimize loan sales, focusing on SBA 504 and 7(a) loans
- Extensive background in investment banking and financial services
- Potential for improved loan processing times and favorable terms for borrowers
- Possible industry-wide impact on loan sales processes
