Ambac hired Sean Leonard as its new CFO, replacing Thomas Gandolfo, who will now oversee Ambac's investment and other capital market activities. Leonard joins from PricewaterhouseCoopers LLP, where he served as a partner in the firm's New York offices. Additionally Executive Vice President John Uhlein will assume responsibility for commercial asset-backed securities and emerging markets, in addition to his current responsibilities which include consumer asset-backed securities, structured insurance and conduits.

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