Assured Guaranty taps Citibank executive to lead public finance outreach

Two US subsidiaries of Bermuda-based Assured Guaranty announced the appointment of Marc Livolsi as managing director, public finance marketing.

Assured Guaranty said Livolsi, who spent 25 years at Citibank, most recently as managing director, municipal markets, will focus on further building relationships with public finance professionals, and business development and originations across all its US public finance sectors. He will also focus on marketing and outreach to institutional investors, banks and investment professionals. He reports to Christopher Chafizadeh, senior managing director, public finance marketing.

“With his diverse relationship base and years of experience in the municipal market, Marc knows the public finance industry and will make valuable contributions to the high-quality service we provide for our customers,” said Chafizadeh. “Marc’s long track record of success complements the depth of industry knowledge already at Assured Guaranty, which will help us to further build our market leadership position.”

Livolsi’s responsibilities at Citibank included business development, maintaining client relationships, financial advisor relations, customer retention and transaction underwriting in several sectors. These sectors included airports, stadium finance, hotel finance, utilities, housing, and high yield.

“Assured Guaranty is the leader in bond insurance, with unmatched financial strength, a proven business model, and a leadership team committed to giving their clients the best service available,” said Livolsi. “I am truly excited to join such a strong and well-established organisation.”