PRA Group, Inc. announced that Rakesh Sehgal will join the company as Senior Vice President and Head of Corporate Development. He will be based in New York. In this newly created role, Rakesh will lead corporate development globally, including mergers and acquisitions, and be responsible for building a superior corporate development group that drives the company's strategic growth.

Rakesh comes to PRA Group with two decades of Investment Banking and Corporate Development experience. He previously served as Managing Director in the mergers and acquisitions group at General Electric and GE Capital, where he had leadership roles in over $50 billion of M&A transactions. Prior to that, Rakesh was at Barclays Capital and Lehman Brothers in the Investment Banking Group where he worked on numerous financings and M&A transactions.