Financial Guaranty Insurance Co. has hired Clifton Lewis as senior transactor for mortgage-backed securities and secondary asset-backed securities. He started last Monday. He reports to Ken Rosenberg, director of new business development. The position is a newly created one, says Greg Raab, head of structured finance, as demand for wraps on structured finance products is growing. Raab adds that he will be looking at adding another transactor soon.
Lewis joins from MBIA, which bought CapMAC in 1997. He had worked for CapMAC between 1989 and 1997 as a senior transactor. He reported to Carl Webb, managing director in secondary markets.