Assured Guaranty subsidiary buys stake in Rubicon
Assured Guaranty has announced that James Michener, general counsel and secretary of the company, will become senior advisor to chief executive officer, Dominic Frederico, effective January 1, 2018.
Ling Chow, currently the general counsel for the Company’s US subsidiaries, will become general counsel and secretary of Assured Guaranty on that date. Michener will continue in his current position until the end of 2017.
“Jim Michener and Ling Chow have worked closely together for many years, ensuring a smooth transition,” said Frederico. “Ling has demonstrated the kind of capability and leadership that can help drive Assured Guaranty’s future expansion and strategy. During his tenure at Assured Guaranty, Jim has made many significant contributions to the Company’s sizeable growth, and we will benefit greatly from his advice, insight and knowledge during 2018.”
Michener has been with the company since its initial public offering in 2004. According to the company he has been responsible for a number of important initiatives, spearheading the FSA, Radian Asset Assurance, CIFG and MBIA UK acquisitions from a legal perspective, managing litigation and workout activities relating to a number of distressed structured finance and US public finance credits, completing settlements with residential mortgage-backed securities providers, and obtaining regulatory approvals that allowed the Company to manage its capital more efficiently.
Chow has over 15 years of experience as an attorney with the company. In addition to serving as US general counsel, she is also the company’s head corporate attorney. Previously, she worked as a corporate lawyer at three New York City law firms. Chow is a graduate of Harvard College and the NYU School of Law.
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