Radian Asset Assurance has added Chris Allen and Michele Kearns as v.p.s in the global structured products division of its London office. Both will start next week and report to Ned Bowers, managing director and head of global structured products, who is based in New York. Elizabeth Emmons, a spokeswoman with the Radian Group, Radian Assurance's parent company, says both positions were created to expand Radian Asset Assurance's presence overseas. The two securitization pros will work at structuring and originating collateralized debt obligations, asset-backed securities and asset-backed commercial paper, she says.
Allen joins from Chubb Financial Solutions, where he was a v.p of financial products. Kearns joins from AMBAC Assurance Corp., where she was first v.p. of consumer ABS.