Donald H. Layton Nominated to Stand for Election to Assured Guaranty Ltd. Board of Directors.
Walter Scott, Chairman of Assured Guaranty Ltd., commented, "If elected, Don Layton will be a valuable addition to our Company's Board of Directors. His experience in the financial services markets would assist Assured Guaranty's management team in continuing the Company's development as a leading financial guaranty enterprise."
Mr. Layton recently retired from J.P. Morgan Chase & Co., having served as Vice Chairman and a member of its three-person Office of the Chairman, the top executive body of the company. At the time of his retirement, he was responsible for approximately half of the firm, including all Chase-branded activities, such as the consumer, small business and middle market businesses, as well as the wholesale operating services business and oversight of all technology activities. Together, these units generated over $18 billion of revenue and were comprised of over 60,000 employees. Mr. Layton began his career in 1975 at Manufacturers Hanover Trust, a predecessor firm to J.P. Morgan Chase & Co.
Mr. Layton is a member of the Federal Reserve Bank of New York's International Capital Markets Advisory Committee and the Massachusetts Institute of Technology Visiting Committee for Economics. He also serves on the Boards of the Partnership for the Homeless, the International Executive Service Corps and the Foreign Policy Association.
Assured Guaranty Ltd. is a Bermuda-based holding company. Its operating subsidiaries provide credit enhancement products to the U.S. and international public finance, structured finance and mortgage markets. More information can be found at http://www.assuredguaranty.com.
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|Date:||Feb 2, 2006|
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