Assured Guaranty strengthens structured finance team
Assured Guaranty has hired Steven Kahn as senior managing director of structured finance. Kahn leads the group, along with managing director Dan Bevill, who has been part of the structured finance team for 15 years.
Kahn spent 12 years at Financial Security Assurance, now called Assured Guaranty Municipal, an Assured Guaranty company, earlier in his career, where he underwrote structured finance transactions. He has 25 years of experience in the structured finance business and joins from Mizuho Securities where he was managing director in the structured products group. Before that he spent five years as president and executive officer of Invicta Capital, a subsidiary of MassMutual.
Both Kahn and Bevill report to Nick Proud, senior managing director of Assured Guaranty’s international and structured finance businesses.
Assured Guaranty’s structured finance group underwrites financial guarantees in a range of financial sectors, including asset-backed securities, insurance securitisation, collateralised loan obligations (CLOs), structured municipal financings and aviation finance. It also offers financial guarantees as a solution to assist banks and insurance companies in managing their capital more efficiently.
Kahn highlighted Assured Guaranty’s “persistence and intelligent strategy,” praising its role in demonstrating the role financial guarantees play in shaping the structured finance markets. “The members of this group have shown their ability to apply Assured Guaranty’s financial strength to innovative structured finance solutions,” he added.
