XL Capital Assurance, a New York-based financial guarantor, has added two analysts to its credit group. Delia Fance, group v.p. consumer products at ABN AMRO, joins as managing director, responsible for credit analysis of corporate bonds. She reports to Patrick Mathis, senior managing director and chief credit officer, who heads the credit group. Fance was unavailable to comment. She replaces Neil Pack, who has been promoted to head of West Coast public finance.
In addition, XLCA has hired John Speaks, v.p. and senior credit officer, project finance at Moody's Investors Service in London, in the new position of managing director and asset-backed securities credit analyst. He reports to Ralph DiSerio, managing director. Speaks says he joined XLCA in New York as an opportunity to return to the U.S. and work in the ABS market after spending five years overseas. Both staffers started Oct. 1, according to Mitch Karig, a spokesman at the firm.
At ABN Fance managed a portfolio of credit facilities for large corporate clients and reported to Catheryn Fuller, senior v.p. Calls to Fuller were not returned.
Speaks was responsible for developing new project finance business opportunities and rated public-private partnerships at Moody's. He reported to Stuart Lawton, managing director in the project finance and utility group in London. Lawton did not return a phone call seeking comment.