FGIC Corp., the parent company of Financial Guaranty Insurance Co., announced that it has reorganized its CDO team and will expand the scope of its CDO business. The CDO group has been combined with risk distribution as part of the reorganization efforts. Lynn Finkel, managing director, will run the CDO group in addition to leading the risk distribution function. Eric Hurst will also play an important role, as he was appointed director in late May with the responsibility for international and negotiated CDO transactions. Among other news, FGIC has promoted Elizabeth Menhenett as director within the CDO group, where she will be in charge of the domestic CLO and ABS CDO business.
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