David Howard, managing director with Fitch Ratings, left the rating agency for Financial Guaranty Insurance Company, a provider of insurance for structured finance products, asset-backed securities and municipal bonds. His new title is chief risk officer. He will report to Debbie Reif, ceo. Howard says he replaces Greg Raab who will head up the structured finance group at FGIC.
At Fitch, Howard was in charge of analyzing cash-funded collateralized debt obligations, reporting to John Schiavetta, managing director and head of the group. Schiavetta says Howard's position will be filled by the three analysts who used to report to Howard--Hed Katz, Marion Silverman and Beth Russotto--and who will now report directly to him.