Ambac Strengthens Investor Communications Platform
08 Avril 2008 - 7:37PM
Business Wire
Ambac Financial Group, Inc. (NYSE: ABK) (Ambac) today announced the
return of Peter Poillon as Managing Director of Fixed Income
Investor Relations. In his new role, Mr. Poillon will work closely
with Vandana Sharma who will continue to handle Equity Investor
Relations and Media Relations. Paul Burke, who previously managed
Fixed Income Investor Relations, has been named Managing Director
of Client Relationship Management. In this role, he will work
closely with Mr. Poillon and Ms. Sharma, as part of the increased
communications effort. Sean Leonard, Ambac�s Chief Financial
Officer, stated that, �The addition of Peter to the Investor
Relations group strengthens our communications platform to allow us
to continue to execute our transparency initiatives.� Mr. Poillon
has been with Ambac for 15 years. Most recently, he headed Investor
Relations at Ambac from 2002 until earlier this year. Prior to his
role as head of Investor Relations, Mr. Poillon worked in the
Finance department in various roles for nine years. He worked for
KPMG LLP prior to joining Ambac in 1993. 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 guarantor of public finance and structured finance
obligations, has earned triple-A ratings from Moody's Investors
Service, Inc. and Standard & Poor's Ratings Services; and a
double-A rating from Fitch, Inc. Moody's, Standard & Poor's and
Fitch all maintain a �negative outlook�. Ambac Financial Group,
Inc. common stock is listed on the New York Stock Exchange (ticker
symbol ABK).
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