2022 Finance Leader: William Chang

William Chang

William Chang serves as the deputy chief investment officer at Pennymac — one of the nation’s largest independent mortgage banking firms and REITs. As an established senior executive leader, Chang has fostered growth and confidence within the mortgage space. His critical thinking skills and strong capital market awareness allow him to assess the strategic landscape from multiple perspectives. It also gives him the ability to understand how market changes impact executions, production volume and margins, hedging strategies, investment returns and liquidity.

Over the years, Chang’s extensive business knowledge and expertise have been  valuable to the organization. He has continuously demonstrated effective leadership through his track record of leading cross-divisional teams to accomplish high-priority strategic objectives. Chang’s efforts and financial leadership have helped Pennymac to accomplish record origination volumes and profitability.


William Chang


Senior Managing Director, Deputy Chief Investment Officer

Company Name:


3d rendering of a row of luxury townhouses along a street

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