Sean Leonard Joins Ambac Financial Group, Inc. as its Chief Financial Officer
01 Juin 2005 - 9:21PM
Business Wire
Ambac Financial Group, Inc. (NYSE:ABK) announced that Sean T.
Leonard has joined Ambac today as Senior Vice President and Chief
Financial Officer. Thomas J. Gandolfo, Ambac's former Chief
Financial Officer, will take over responsibility for Ambac's
investment and other capital market activities. Those
responsibilities include Ambac's global structured credit and
Financial Services businesses as well as the investment portfolios.
Mr. Leonard was a Partner with PricewaterhouseCoopers LLP ("PwC").
He has over 18 years of public accounting experience and has been
involved with PwC's insurance and capital markets practices over
his career. Prior to his admission into the partnership, Mr.
Leonard represented PwC on the Financial Accounting Standards Board
as a practice fellow where he was actively involved in several
financial instrument accounting pronouncements. Ambac Financial
Group, Inc., headquartered in New York City, is a holding company
whose affiliates provide financial guarantees and financial
services to clients in both the public and private sectors around
the world. Ambac's principal operating subsidiary, Ambac Assurance
Corporation, a leading guarantor of public finance and structured
finance obligations, has earned triple-A ratings, the highest
ratings available from Moody's Investors Service, Inc., Standard
& Poor's Ratings Services, Fitch, Inc. and Rating and
Investment Information, Inc. Ambac Financial Group, Inc. common
stock is listed on the New York Stock Exchange (ticker symbol ABK).
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