NEW YORK--(BUSINESS WIRE)--Assured Guaranty Corp. (AGC), a subsidiary of Assured Guaranty Ltd. (NYSE:AGO) (together with its subsidiaries, Assured Guaranty) announced today that Steven Kahn has joined the company as Senior Managing Director, Structured Finance. The group will be led by Mr. Kahn along with Managing Director Dan Bevill, who has been part of Assured Guaranty’s structured finance team for 15 years. Both of them will report to Nick Proud, Senior Managing Director of Assured Guaranty’s International and Structured Finance businesses.
“We are pleased that Steve has come aboard to help lead our structured finance underwriting group,” said Nick Proud. “As someone who has established a successful career in the structured finance market, he brings a wealth of knowledge and experience to Assured Guaranty.”
Assured Guaranty’s structured finance group underwrites financial guarantees in a range of financial sectors, including asset-backed securities, insurance securitization, collateralized loan obligations (CLOs), structured municipal financings and aviation finance. It also offers financial guarantees as a solution to assist banks and insurance companies in managing their capital more efficiently.
Mr. Bevill said, “Steve knows our markets, and he knows our business, having spent 12 years of his early career at an Assured Guaranty company, and we are very excited to welcome Steve back. We are committed to giving our structured finance clients the best possible service, and Steve’s qualifications are ideal for that effort.”
“Through persistence and intelligent strategy,” said Mr. Kahn, “Assured Guaranty has shown that financial guarantees have a valuable role in the structured finance markets. The members of this group have shown their ability to apply Assured Guaranty’s financial strength to innovative structured finance solutions and I am enthusiastically looking forward to working with them as we continue to build this business.”
Mr. Kahn has 25 years of experience in the structured finance business. Prior to joining Assured Guaranty in 2019, he was a Managing Director in the Structured Products Group at Mizuho Securities and before that, he spent five years as President and Executive Officer of Invicta Capital (a subsidiary of MassMutual). Mr. Kahn spent 12 years at Financial Security Assurance (now Assured Guaranty Municipal) where he underwrote structured finance transactions and was Managing Director of the Global Pooled Corporate business. Mr. Kahn started his career as a CPA at Ernst & Young.
About Assured Guaranty
AGC is a subsidiary of Assured Guaranty Ltd., a publicly traded (NYSE: AGO) Bermuda-based holding company. Assured Guaranty’s operating subsidiaries provide credit enhancement products to the U.S. and international public finance, infrastructure and structured finance markets and, as of October 1, 2019, asset management services. More information on Assured Guaranty Ltd. and its subsidiaries can be found at AssuredGuaranty.com.