XL Capital Assurance hired Evelyn Tuntono as vice president in its CDO group. Tuntono joins XLCA from Deutsche Bank Securities, where she was vice president in the investment bank's global CDO group. Prior to Deutsche, Tuntono worked at XLCA competitor Ambac Assurance Corp. as an assistant vice president in the structured finance and credit derivatives department. Tuntono will report to Sohail Rasul, senior managing director and head of XLCA's CDO group.
Rasul said Tuntono's hire will help the company strengthen its CDO product offerings. Tuntono's hire comes on the heels of several recent hires at XCLA. Jas Jalaf was hired as a director in XLCA-UK's office in April, while Lina Kharnak joined XLCA in New York as a director in May.