FSA has hired John Dare as managing director in its asset finance group, reporting to Rick Holzinger. At FSA, Dare will lead the group responsible for underwriting specialized asset-backed transactions in the U.S., such as insurance securitizations, aircraft pooled lease transactions and future-flow securitizations. Dare joins from MBIA, where he headed the global financial institutions group. He joined MBIA in 1998, when it acquired CapMAC, where he served as treasury manager.
FGIC hired Eddie Lee as a director in the secondary structured credit markets group, where he will source secondary structured products across asset classes in both the U.S. and Europe. In his new position he reports to group Managing Director Alex Masri. Lee previously worked as a principal in the structured securities group at Banc of America Securities, where he originated and executed CDOs.