Veteran Municipal Analyst John Hallacy Joins Assured Guaranty
NEW YORK -- September 25, 2013
John J. Hallacy has joined Assured Guaranty Municipal Corp. (AGM), Municipal
Assurance Corp. (MAC) and Assured Guaranty Corp. (AGC) as Managing Director,
Public Finance, the companies announced today.
“We are very pleased to have John on board,” said Dominic Frederico, President
and Chief Executive Officer. “With over 35 years of active participation in
the municipal market, John brings a wealth of knowledge and experience to
“John will make an immediate contribution to our public finance group, with
responsibilities in several important business development areas,” said Bill
Hogan, Senior Managing Director of Public Finance. “He will be a regular
contributor to our weekly municipal publication, develop and enhance the
company’s retail marketing effort and support new business origination. His
extensive professional history, which encompasses both investment banking and
bond insurance, fits right in with Assured Guaranty’s leadership position in
the municipal bond insurance business. It’s a pleasure to welcome him to the
Mr. Hallacy’s most recent position was as the Managing Director, Head of
Municipal Research with Bank of America Merrill Lynch. In addition to his
highly regarded accomplishments as a sell-side municipal analyst, he has
significant experience in the bond insurance industry. He helped to establish
two bond insurance companies and ran underwriting groups at both FGIC and
MBIA. He started his career with Standard & Poor’s (S&P) focusing on credit
rating analysis across multiple sectors. He is a well-known speaker on topics
related to the municipal market.
“This is an exciting time to join Assured Guaranty,” said Mr. Hallacy. “The
benefits of bond insurance are clearer than ever, and its new muni-only bond
insurer, Municipal Assurance Corp., is positioned to expand the market. It’s
great to be part of the industry leader.”
In his new role, Mr. Hallacy reports to Chris Chafizadeh, the head of New
AGM, MAC and AGC provide municipal bond insurance in the U.S. public finance
market. Additionally, AGM guarantees international public finance transactions
and AGC guarantees structured financings worldwide. The companies are U.S.
subsidiaries of Assured Guaranty Ltd. (AGL, or together with its subsidiaries,
Assured Guaranty), a Bermuda-based holding company that trades on the New York
Stock Exchange under the symbol AGO. More information on Assured Guaranty and
its subsidiaries can be found at AssuredGuaranty.com.
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 financial
performance 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. Readers should also consider the other risk
factors contained 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 September 25, 2013, and
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.
Assured Guaranty Corp.
Robert Tucker, 212-339-0861
Managing Director, Investor Relations and Corporate Communications
Ashweeta Durani, 212-408-6042
Vice President, Corporate Communications
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