Assured Guaranty -UK- Ltd. Appoints Shrootin Shah as Director, Asset-Backed Securities.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 Corp. (AGC AGC Automatic Gain Control AGC Automotive Glass Cartridge (fuse) AGC Associated General Contractors AGC Associated General Contractors of America AGC Atypical Glandular Cells AGC Attorney-General's Chambers ), a subsidiary of Assured Guaranty Ltd. (NYSE NYSE See: New York Stock Exchange :AGO), is pleased to announce that Assured Guaranty (UK) Ltd. has appointed Shrootin Shah as a Director in its Asset-Backed Securities (ABS) team based in London. Prior to joining Assured Guaranty, Mr. Shah was a senior member of Commerzbank AG's ABS team in London, where he focused on both traditional and non-traditional asset classes, including balance sheet and real estate transactions and complex insurance-related structures. Mr. Shah, who is a Fellow of the Institute of Actuaries The Institute of Actuaries is one of the two professional bodies representing actuaries in the United Kingdom. The Institute is based in England, while the other body, the Faculty of Actuaries, is based in Scotland. and a graduate of the London School of Economics The School is a member of the Russell Group, the European University Association, Association of Commonwealth Universities, the Community of European Management Schools and International Companies, The Association of Professional Schools of International Affairs as well as the Golden , worked in the insurance industry for 12 years prior to joining Commerzbank in 2000. Jack Lester, the Managing Director of Assured Guaranty (UK) Ltd., commented: "We are delighted to welcome Shrootin to our team. His combined knowledge of securitization, capital markets and actuarial underwriting techniques will enhance our ability to provide innovative solutions for the investment and capital management needs of investors, banks and insurance companies alike." AGC 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. AGC's underwriting experience combined with its financial strength make it the innovative financial guaranty partner of choice for issuers, investors and broker/dealers. Assured Guaranty Ltd. is a Bermuda-based holding company. Its operating subsidiaries 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 can be found at http://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 mortgage and ABS 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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