Ambac Expands Role of CEO as Hedge Fund Steps Up CriticismBy
Tavakoli will serve as president and CEO of Ambac Assurance
Ambac insures $10 billion of Puerto Rico debt payments
Ambac Financial Group Inc. said President and Chief Executive Officer Nader Tavakoli will also head a subsidiary unit of the bond insurer as shareholder Canyon Capital Advisors increased criticism of his compensation and the company’s performance.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.