Mr. Nanji joined the Board in August 2025. In December 2016, Mr. Nanji co-founded MFN Partners Management, LP, a value-oriented investment management firm based in Boston, Massachusetts, which he continues to co-manage. Prior thereto, until December 2015, Mr. Nanji served as a managing director of Highfields Capital Management LP. Mr. Nanji has also been a member of the PennyMac (NYSE: PFSI) board since the company’s formation in December 2012, where he currently chairs the Compensation Committee. Mr. Nanji received an M.B.A. from Harvard Business School and a B.Com. from McGill University.