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| [November 28, 2012] |
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Credit Rating Expert Mark Adelson Joins Muni Bond Insurer, BondFactor
NEW YORK --(Business Wire)--
BondFactor, a new municipal bond insurance company, confirmed today that
industry expert Mark Adelson, former Chief Credit Officer of Standard &
Poors, joined the company this week as Chief Strategy Officer.
Recognized for his prescient observations on the need for rigorous
standards in the credit markets, Mr. Adelson will contribute his
expertise to the company's efforts in making available a highly rated
and stable bond insurance product to the municipal bond market.
"We are delighted that someone with Mark Adelson's expertise,
perspective and integrity has joined us. As Chief Strategy Officer,
Mark's experience complements that of our mnagement team and
contributes significantly to our goal of becoming recognized as one of
the strongest corporate credits globally. Mark is one of the most
respected and knowledgeable executives in the market today. I am pleased
to welcome him to BondFactor," said George Butcher, Chairman and CEO of
BondFactor.
"I am very excited to be joining the BondFactor team and look forward to
applying my securitization, credit and risk analysis skills in a new
way," said Mr. Adelson.
About BondFactor
Founded following the 2008 financial crisis after six of the seven
monoline insurers lost the ability to provide financial guaranties,
BondFactor is responding to the municipal market's need for a highly
rated, stable financial guarantor by commercializing its patented
claims- paying resource methodology. BondFactor is currently in the
credit rating and regulatory process. Additional information about
BondFactor is available on the company's website at www.bondfactor.com.
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