Appointment Reflects Strengthened Focus On Growing PFI/PPP Market
NEW YORK, April 13 /PRNewswire-FirstCall/ -- Radian Asset Assurance Inc.,
a leading provider of municipal bond insurance and financial guaranty
services, today announced that Iain MacDonald has agreed to join Radian as
Vice President, International Public Finance in its growing European operation
based in London. Mr. MacDonald's position reflects Radian's continued focus
on and commitment to the European market.
In this position, Mr. MacDonald's responsibilities will include sourcing,
structuring, and analyzing international public finance transactions to which
Radian can offer credit enhancement services. Throughout the U.K., the
Private Finance Initiative (PFI) and other Public/Private Partnerships (PPP)
are typically programs in which public authorities commission private
enterprise through a formal tendering process to design, build, finance and
operate new facilities that provide a public service.
As a senior director in infrastructure finance with one of the leading
project and public finance banks in London, Mr. MacDonald will bring to Radian
a comprehensive background in corporate finance in the U.K. and Europe. Mr.
MacDonald is expected to take up his new position with Radian as early as
July.
"Iain is a valuable addition to our growing financial guaranty team," said
Tino Kamarck, president, Radian Asset Assurance Inc. "His proven success in
structured finance and vast experience in a variety of industry sectors -
including healthcare, education, and housing - will enable us to pursue
successful opportunities in the burgeoning PFI/PPP market in the U.K. and the
rest of Europe."
About Radian Asset Assurance Inc.
Radian Asset Assurance Inc. is a financial guaranty subsidiary of Radian
Group Inc. (NYSE: RDN), a global credit enhancement company headquartered in
Philadelphia. With offices in New York City and London, Radian Asset
Assurance is a direct writer of municipal bond insurance and insurance of
asset-backed securities and structured transactions, which extend insurance
benefits to an array of institutions and securities issuers. Radian has
established two subsidiaries authorized and regulated by the Financial
Services Authority in the UK: Radian Financial Products Limited, a securities
and futures firm authorized to write derivatives; and Radian Asset Assurance
Limited, an insurance company authorized to write surety bonds and financial
guarantees. Additional information may be found at http://www.radian.biz.
SOURCE Radian Asset Assurance Inc.
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Related links:
http://www.radian.biz
CONTACT:
For investors: Mona Zeehandelaar,
+1-215-231-1674 or mona.zeehandelaar@radian.biz, or For the
media: David Cheung, +1-215-231-1362 or david.cheung@radian.biz,
both of Radian
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