Nicholas Proud Named Assured Guaranty’s Global Head of Origination
08 Fevereiro 2024 - 9:00AM
Business Wire
Company Promotes Dominic Nathan to CEO of
AGUK and Head of International
Assured Guaranty Ltd. (NYSE:AGO) (together with its
subsidiaries, Assured Guaranty) announced that Nicholas Proud has
been appointed Global Head of Origination for its financial
guaranty business.
Dominic Nathan will assume Mr. Proud’s responsibilities as CEO
of Assured Guaranty UK Limited (AGUK) and Head of
International.
“We created the new position of Global Head of Origination to
enhance our strategic approach to generating new business and
executing transactions, including in new asset classes and
jurisdictions, and we are pleased to have Nick take over this
responsibility,” said Dominic Frederico, President and CEO.
Mr. Proud is reporting to Chief Operating Officer Robert
Bailenson, who added, “Nick has the experience and knowledge in
both the U.S. and International financial guaranty businesses to
lead this effort, having held high-level positions at Assured
Guaranty for many years. Nick’s new responsibilities include
developing new financial guaranty solutions for us to offer,
expanding our reach into new markets, and increasing our presence
in existing markets. In addition to him overseeing the
International Infrastructure and Global Structured Finance teams,
he will now oversee the U.S. Public Finance business, and I look
forward to working with him to grow our business.”
Mr. Proud led the successful rebuilding of Assured Guaranty’s UK
and European infrastructure finance franchise in the wake of the
global financial crisis and played a central role in the
combination of AGUK’s operations with those of its three
subsidiaries, and the establishment of Assured Guaranty’s French
subsidiary, Assured Guaranty (Europe) SA (AGE)*. In 2019, Mr. Proud
was named Senior Managing Director, International Infrastructure
and Global Structured Finance. He has been CEO of AGUK and Senior
Managing Director, International since 2010. He joined Assured
Guaranty in 2001.
Mr. Proud said, “I look forward to this new opportunity to
oversee Assured Guaranty’s strategy for new business generation
companywide and to explore new markets where we could grow by
putting our capital and credit capabilities to work at attractive
returns.
“I am delighted that Dominic Nathan is taking over my roles as
CEO of AGUK and Head of International as he was instrumental in
first building Assured Guaranty’s international infrastructure
business and then, after 2008, he worked to rebuild our name and
presence in the international markets. He has been at Assured
Guaranty for over 20 years and his demonstrated ability to lead
assures that we will continue to build on the success of AGUK and
execute the strategic objectives of our international
business.”
Mr. Nathan was most recently Senior Managing Director,
Infrastructure Finance and the Chief Underwriting Officer of AGUK,
with additional responsibility for the International Infrastructure
business at AGE. He was hired in 2000 as Co-Head of Continental
Europe, an underwriting role he held until 2005, when he was
promoted to Managing Director and Head of UK and European
Infrastructure Finance.
About Assured Guaranty
Ltd.
Assured Guaranty Ltd. is a publicly traded (NYSE: AGO),
Bermuda-based holding company. Through its subsidiaries, Assured
Guaranty provides credit enhancement products to the U.S. and
non-U.S. public finance, infrastructure and structured finance
markets. Assured Guaranty also participates in the asset management
business through its ownership interest in Sound Point Capital
Management, LP and related entities. More information on Assured
Guaranty Ltd. and its subsidiaries can be found at
AssuredGuaranty.com.
*ASSURED GUARANTY (EUROPE) SA (AGE) is a public limited company
with capital of €110,900,000 registered in the Paris Trade and
Companies Register under number 852 597 384, whose registered
office is located at 71, rue du Faubourg Saint-Honoré - 75008
Paris, and is governed by the French Insurance Code.
Cautionary Statement Regarding
Forward-Looking Statements
Any forward-looking statements made in this press release
reflect Assured Guaranty’s current views with respect to future
events and are made pursuant to the safe harbor provisions of the
Private Securities Litigation Reform Act of 1995. Such statements
involve risks and uncertainties that may cause actual results to
differ materially from those set forth in these statements. These
risks and uncertainties include, but are not limited to,
difficulties executing Assured Guaranty’s business strategy; loss
of key personnel; and other risks and uncertainties that have not
been identified at this time, management’s response to these
factors, and other risk factors identified in Assured Guaranty’s
filings with the Securities and Exchange Commission. Readers are
cautioned not to place undue reliance on these forward-looking
statements, which are made as of February 8, 2024. Assured Guaranty
undertakes no obligation to publicly update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise, except as required by law.
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Investor Relations: Robert Tucker, +1 212-339-0861 Senior
Managing Director, Investor Relations and Corporate Communications
rtucker@agltd.com Media: Ashweeta Durani, +1 212-408-6042 Vice
President, Corporate Communications adurani@agltd.com
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