Assured Guaranty Ltd. Announces Appointment to its Board, Effective as of May 5, 2021
May 05, 2021 at 06:30 am EDT
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Assured Guaranty Ltd. announced that Michelle McCloskey, Lorin P.T. Radtke and Courtney C. Shea have been elected to Assured Guaranty’s Board of Directors. Ms. McCloskey and Ms. Shea will each serve on the Board’s Audit and Environmental and Social Responsibility committees, and Mr. Radtke will serve on its Finance and Risk Oversight committees. The elections are effective as of May 5, 2021. McCloskey has more than 35 years of experience in executive roles in the energy, financial trading and asset management sectors, most recently working at Man Group, including serving as a member of the Man Group Executive Committee and President of Man FRM. Ms. McCloskey also led Man Group’s diversity and inclusion network in the U.S. Prior to her tenure at the Man Group, Ms. McCloskey was a portfolio manager in the commodities sector for a variety of institutions. Radtke is the co-founder and partner of venture capital firm M Seven 8. Prior to founding M Seven 8, he spent 24 years in various senior positions with Goldman Sachs, eight years of which was as a Partner. While at Goldman, he held positions including Head of Credit Products Group Hard Asset and Portfolio Solutions, Head of Structured Products Distribution and Sourcing, Head of Structured Portfolio Solutions Group and Head of CLO Origination. Additionally, Mr. Radtke played an integral role in the development of diverse professionals within Goldman Sachs by leading diversity development programs. Shea has had a 35-year career in U.S. public finance in which she has served as both a municipal advisor and investment banker working with state and local governments, not-for-profits and universities, in their issuance of municipal bonds. Most recently she has served as the Managing Member of Columbia Capital Management, a national municipal advisory firm. Prior to her tenure at Columbia Capital Management, Ms. Shea was an investment banker with several Wall Street firms, including serving as National Head of Public Finance at a division of ABN AMRO.
Assured Guaranty Ltd. is a holding company. Through its subsidiaries, the Company provides credit enhancement products to the United States and non-United States public finance, infrastructure and structured finance markets. Its segments include Insurance and Asset Management. In the Insurance segment, the Company applies its credit underwriting judgment, risk management skills and capital markets experience primarily to offer financial guaranty insurance that protects holders of debt instruments and other monetary obligations from defaults in scheduled payments. It markets its financial guaranty insurance directly to issuers and underwriters of public finance and structured finance securities, as well as to investors in such obligations. It guarantees obligations issued principally in the United States and the United Kingdom and also guarantees obligations issued in other countries and regions, including Western Europe. The Asset Management segment provides asset management services.