Monoline bond insurer Financial Guaranty Insurance Co. has made two hires for its London office. Matthew Blakeway-Philips, senior credit officer in structured finance at Moody's Investors Service in London, is joining to focus on corporate securitizations. He will report to Rick Watson, managing director in charge of European structured finance.
In addition, Marcus Holden, associate director in the transportation and public private partnership group at Commerzbank Securities in London, has started as a v.p. in the infrastructure group at FGIC. He reports to Robert Velins, managing director in charge of infrastructure finance.
Watson declined comment and Velins did not return calls by press time.
At Moody's, Blakeway-Philips focused on utility whole business securitizations and reported to Benedicte Pfister, team managing director in structured finance. Pfister referred calls to Anna Passey, spokeswoman, who confirmed Blakeway-Philips' plans to leave Moody's next week but declined further comment.
Blakeway spent less than a year at Moody's, before which he was at Ambac together with Tim Travers, who is now ceo of FGIC's U.K. business.
At Commerzbank, Holden reported to Brett Forbes, head of the transportation and PPP team. Forbes did not return calls by press time.