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Newsmaker
S.A. Ibrahim
Hyderabadi to Lead Global
Credit Enhancement Company
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Hyderabad/Philadelphia: Radian Group Inc.
(NYSE: RDN), a leading provider of global credit enhancement
products and services, has announced the appointment of S.A.
Ibrahim, 53, a 27-year veteran of the banking and mortgage
industries, as chief executive officer, effective May 5. Mr.
Ibrahim succeeds Frank Filipps, who is retiring from Radian.
Mr. Ibrahim joins Radian from GreenPoint Mortgage, a leading
national mortgage banking company, where he has served as
president and chief executive officer since 1999. During his
tenure, Mr. Ibrahim led GreenPoint through a period of dramatic
growth in originations, market share and income, driven by
product development, technology leadership and the establishment
of successful industry partnerships. |
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Mr. Ibrahim also served
as chief operating officer at GreenPoint, leading the company through
the successful acquisition of Headlands Mortgage. Through this
process, he managed the integration of various corporate cultures as
well as disparate operational environments.
Mr. Ibrahim's experience in building operating platforms and
infrastructure includes a position with American Express, where he
served as the head of international operations reengineering. Before
American Express, Mr. Ibrahim was CEO and COO of Chemical Banking
Corporation's mortgage lending unit, where he helped transform the
company into a nationally recognized mortgage lender.
"S.A. will be an exceptional CEO," said Lead Director Herbert Wender.
"With 27 years of experience and proven success, he is a
well-established leader in the financial services industry, and he
brings tremendous knowledge and vision. The Board and I look forward
to working with S.A., as Radian applies its risk management expertise
to new challenges in financial markets around the world."
Mr. Ibrahim is a graduate of the Wharton School of the University of
Pennsylvania, where he received an M.B.A. in finance in 1978. He
received a bachelor of engineering degree in mechanical engineering
from Osmania University in India in 1975.
"I'm very pleased to take on this exciting new responsibility," said
Mr. Ibrahim. "Radian has built a solid reputation for innovation and
customer focus. I look forward to working with the Radian team to
continue that culture of excellence."
About Radian Group Inc.
Radian Group Inc. is a leading credit enhancement provider to the
global financial and capital markets, headquartered in Philadelphia.
Radian's subsidiaries provide products and services through three
business lines: financial guaranty, mortgage insurance and other
financial services.
-MK
Reachout's News Bureau
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