Financial Guaranty Insurance Corp. has added two senior members to its structured finance group. Today, Rick Watson, formerly of the European securitization group at HSBC Securities, started as a managing director in the London-based structured finance group.
Watson has expertise in both ABS and CDO origination. Prior to HSBC, Watson was with Bear Stearns' international securitization group.
FGIC also recently hired Y.C. Wu as director in structured finance, working out of the firm's New York office. Yu, who will focus on commercial ABS, was most recently with MBIA. Wu has experience in esoteric asset classes, such as insurance securitization.
