PHILADELPHIA, Dec. 20 /PRNewswire-FirstCall/ -- Radian Group Inc.
(NYSE: RDN), a global credit risk management company, today announced the
promotion of Scott Theobald to senior vice president, Corporate Risk and
Capital Management, Radian Group, and David Rockwell to senior vice
president, Risk Management, Radian Asset Assurance Inc.
Theobald will continue to lead Radian's efforts to enhance its credit
risk management systems and will play a central role in enterprise-wide
capital analytics and transaction management.
Rockwell will continue to be responsible for managing Radian's rapidly
growing collateralized debt obligation (CDO) portfolio and provide counsel
to the business units to ensure that all transactions are consistent with
the company's risk profile.
According to Executive Vice President and Chief Risk Officer Suzanne
Hammett, "Scott's unique combination of skills and experience in the
mortgage market has allowed him to play a critical enterprise risk
management role and has added greatly to our ability to systematically
measure risk.
"David's experience in commercial risk management has helped Radian to
prudently grow its CDO book of business, which is the largest segment of
our structured finance portfolio. These promotions reflect Radian's
commitment to continue to strengthen its risk management business," she
said.
About Scott Theobald
Theobald joined Radian in 1997 as director of Costing Analytics. He was
appointed vice president, Structured Transactions in 1999 and vice
president, Enterprise Risk in 2002. Prior to joining Radian, he served at
Freddie Mac in a variety of analyst positions. He holds a bachelor's degree
in International Studies from the University of Wisconsin and a master's
degree in Economics from the University of South Florida.
About David Rockwell
Before joining Radian in 2004 as vice president, Risk Management,
Rockwell held senior leadership positions managing risk at Marsh &
McLennan, Chubb Financial Solutions and American International Group. He
holds bachelor's degrees in English and History from St. Lawrence
University and a J. D. from Albany Law School.
About Radian Group Inc.
Radian Group Inc. (NYSE: RDN) is a global credit risk management
company headquartered in Philadelphia with significant operations in both
New York and London. Radian develops innovative financial solutions by
applying its core mortgage credit risk expertise and structured finance
capabilities to the credit enhancement needs of the capital markets
worldwide, primarily through credit insurance products. The company also
provides credit enhancement for public finance and other corporate and
consumer assets on both a direct and reinsurance basis and holds strategic
interests in active credit-based consumer asset businesses. Additional
information may be found at http://www.radian.biz.
About Radian Asset Assurance Inc.
Radian Asset Assurance Inc. is a financial guaranty subsidiary of
Radian Group Inc., 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. Additional
information may be found at http://www.radianassetassurance.com.
SOURCE Radian Group Inc.
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Related links:
http://www.radian.biz
http://www.radianassetassurance.com
CONTACT:
For investors - Mona Zeehandelaar,
+1-215-231-1674, email: mona.zeehandelaar@radian.biz; or For the
media - Corporate Communications - +1-215-231-1990, email:
media@radian.biz, both of Radian Group
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