Assured Guaranty (UK) Ltd. Appoints Craig Lee as Managing Director, Asia Pacific.NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- Assured Guaranty As a verb, to agree to be responsible for the payment of another's debt or the performance of another's duty, liability, or obligation if that person does not perform as he or she is legally obligated to do; to assume the responsibility of a guarantor; to warrant. Corp., a subsidiary of Assured Guaranty Ltd. (NYSE NYSE See: New York Stock Exchange :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
Sumitomo Mitsui Banking Corporation (SMBC, Mitsui Sumitomo Ginkō, 三井住友銀行) is a Japanese bank based in Tokyo, Japan. 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 Mortgage-backed securities (MSBs) Securities backed by a pool of mortgage loans. markets. Assured Guaranty (UK) Ltd., a London-based subsidiary of Assured Guaranty Corp., is authorized by the Financial Services Authority The Financial Services Authority ("FSA") is an independent non-departmental public body and quasi-judicial body that regulates the financial services industry in the United Kingdom. Its main office is based in Canary Wharf, London, with another office in Edinburgh. 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 European Economic Area: see European Free Trade Association; European Union. . 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 Credit Enhancement A method whereby a company attempts to improve its debt or credit worthiness. Notes: Credit enhancements take many different forms. An example of a credit enhancement would be conversion rights added on to a debt instrument in order to lower the issuing 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 Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. provisions of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and 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. |
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