New York, United States
Assured Guaranty Corp., a subsidiary of Assured Guaranty Ltd. (NYSE:AGO) ("Assured Guaranty" or "the Company"), is pleased to announce that its London subsidiary, Assured Guaranty (UK) Ltd., has appointed Craig Lee as Managing Director, Asia Pacific, responsible for developing Assured Guaranty's business in the Asia Pacific and Australian region. Mr. Lee reports to Marc Bajer, Managing Director, International of Assured Guaranty (UK) Ltd.
Mike Schozer, President of Assured Guaranty Corp. commented, "We are excited to have Craig on board. His expertise and long-standing relationships throughout the region will help Assured Guaranty successfully continue to build our global presence in key markets such as Asia and Australia."
With more than 20 years of experience, including previous roles in Tokyo, Singapore and Sydney, Mr. Lee has a track record of building businesses across the structured finance space for international banks in the Asia Pacific region and an understanding of key jurisdictions, cultures and languages. In his most recent position prior to joining Assured Guaranty, Mr. Lee was the General Manager, Front Office at Sumitomo Mitsui Banking Corporation in Sydney, Australia, where he was responsible for all of the bank's major financing operations, including corporate, structured and project finance.
Assured Guaranty Corp. is a leading provider of financial guaranty insurance in the U.S. and international public finance, structured finance and mortgage-backed securities markets. Assured Guaranty (UK) Ltd., a London-based subsidiary of Assured Guaranty Corp., is authorized by the Financial Services Authority to transact financial guaranty business in the United Kingdom and is able to write financial guaranty insurance in 27 countries in the European Economic Area.
Assured Guaranty Ltd. is a Bermuda-based holding company. Its operating subsidiaries, which include Assured Guaranty Corp. and Assured Guaranty (UK) Ltd., provide credit enhancement products to the U.S. and international public finance, structured finance and mortgage markets. More information on the Company can be found at www.assuredguaranty.com.
Any forward-looking statements made in this press release reflect the Company's current views with respect to future events and financial performance and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such statements involve risks and uncertainties that may cause actual results to differ materially from those set forth in these statements. For example, the forward-looking statements concerning potential business in the international credit enhancement markets could be affected by demand, competition and regulatory action. The forward looking statements also could be affected by rating agency action such as a ratings downgrade, difficulties with the execution of the business strategy, developments in the world's financial and capital markets, more severe losses or more frequent losses associated with products affecting the adequacy of the company's loss reserve, changes in tax laws, loss of key personnel, changes in accounting policies or practices, and changes in general economic conditions, as well as management's response to these factors, and other risk factors identified in Assured Guaranty Ltd.'s filings with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the dates on which they are made. Assured Guaranty Ltd. undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
CONTACT: Assured Guaranty Corp., New York Sabra Purtill, Managing Director, Investor Relations and Strategic Planning 212-408-6044, 441-278-6665 spurtill@assuredguaranty.com or Patrick Early, Director, Fixed Income Investor and Media Relations 212-408-6043 pearly@assuredguaranty.com
Source: Business Wire (Business Wire India)