Ambac Financial Group, Inc. Hires Sean Leonard as Chief Financial Officer
11 Aprile 2005 - 4:26PM
PR Newswire (US)
Ambac Financial Group, Inc. Hires Sean Leonard as Chief Financial
Officer Thomas Gandolfo to Assume Operational Responsibilities NEW
YORK, April 11 /PRNewswire-FirstCall/ -- Ambac Financial Group,
Inc. (NYSE:ABK) today announced that Sean T. Leonard, Partner at
PricewaterhouseCoopers LLP ("PwC"), has accepted an offer to become
Chief Financial Officer of the company. Thomas J. Gandolfo, current
Chief Financial Officer, will take over responsibility for Ambac's
investment and other capital market activities. Those
responsibilities shall include Ambac's global structured credit and
Financial Services businesses as well as the investment portfolios.
It is anticipated that Mr. Gandolfo, after assisting in an orderly
transition, will assume his new responsibilities by June 30. Mr.
Leonard is a Partner in PwC's New York office. He has over 18 years
of public accounting experience and has been involved with PwC's
insurance and capital markets practices over his career,
particularly the securitization market for the last ten years and
the financial guarantee industry for the last five years. Prior to
his admission into the partnership, Mr. Leonard represented PwC on
the Financial Accounting Standards Board as a practice fellow where
he was actively involved in several financial instrument accounting
pronouncements. Robert J. Genader, President and Chief Executive
Officer, commented, "Ambac has been very fortunate to have Tom
leading our accounting and finance teams for the past two years.
His dedication and thoroughness have been invaluable to the
company. Tom expressed to me his desire to join the business side
of the company and I believe his skill set will continue to benefit
Ambac in his new role." Mr. Genader continued, "We are equally
fortunate to have found an excellent successor in Sean Leonard to
take over where Tom leaves off. Sean's exceptional experience in
the technical accounting area and his industry experience will be a
tremendous asset to Ambac." In a separate release today, Ambac
announced that John Uhlein, Executive Vice President, will assume
responsibility for commercial asset-backed securities and Emerging
Markets, in addition to his current responsibilities which include
consumer asset-backed securities, structured insurance and
conduits. Douglas Renfield-Miller, Senior Managing Director, will
assume responsibility for Ambac's European operations in addition
to his current responsibility for the Australia/Asia-Pacific
business. Ambac Financial Group, Inc., headquartered in New York
City, is a holding company whose affiliates provide financial
guarantees and financial services to clients in both the public and
private sectors around the world. Ambac's principal operating
subsidiary, Ambac Assurance Corporation, a leading guarantor of
public finance and structured finance obligations, has earned
triple-A ratings, the highest ratings available from Moody's
Investors Service, Inc., Standard & Poor's Ratings Services,
Fitch, Inc. and Rating and Investment Information, Inc. Ambac
Financial Group, Inc. common stock is listed on the New York Stock
Exchange (ticker symbol ABK). DATASOURCE: Ambac Financial Group,
Inc. CONTACT: Investor and Media - Peter R. Poillon of Ambac
Financial Group, Inc., +1-212-208-3333, Web site:
http://www.ambac.com/
Copyright
Grafico Azioni AMBAC (NYSE:ABK)
Storico
Da Giu 2024 a Lug 2024
Grafico Azioni AMBAC (NYSE:ABK)
Storico
Da Lug 2023 a Lug 2024
Notizie in Tempo Reale relative a Ambac Financial Grp. Common Stock (Borsa di New York (NYSE)): 0 articoli recenti
Più Ambac Finl Grp Articoli Notizie