MILWAUKEE, May 1, 2015 /PRNewswire/ -- Mortgage Guaranty
Insurance Corporation (MGIC), the principal subsidiary of MGIC
Investment Corporation (NYSE: MTG), has hired Stephen Mackey to be Executive Vice
President - Chief Risk Officer upon the previously announced
retirement of Lawrence
Pierzchalski. Mr. Mackey will join the firm in late
June.
Mr. Mackey has more than 30 years of experience in the financial
services industry. He comes to MGIC from JP Morgan Chase
& Company where he has held a number of senior leadership
positions and most recently served as Managing Director, Firmwide
Market Risk. His diverse background includes various
leadership positions with Fannie Mae, where he worked for 13 years;
managerial experience with the Office of Federal Housing Enterprise
Oversight (the predecessor to the Federal Housing Finance Agency),
which regulated Fannie Mae and Freddie Mac; employment with the
Board of Governors of the Federal Reserve System; and service as
CFO of a successful start-up commercial bank.
"Steve's combination of Midwestern roots and skills he has
acquired from having worked for large complex financial
organizations makes him uniquely suited to lead our risk management
team," said Patrick Sinks, CEO of
MTG and MGIC. "Our industry is in great shape to expand our
role in the market. Steve's experiences, in both the public
and private sector, will provide us invaluable insight into how we
can expand our role while maintaining a robust risk management
culture."
Mr. Mackey earned his Bachelor of Arts degree in accounting from
Michigan State University and his
Master of Science degree in finance from The George Washington University.
About MGIC
MGIC (www.mgic.com), the principal subsidiary of MGIC Investment
Corporation, serves lenders throughout the United States, Puerto Rico, and other locations helping
families achieve homeownership sooner by making affordable
low-down-payment mortgages a reality. At March 31, 2015, MGIC had $166.1 billion of primary insurance in force
covering approximately one million mortgages.
From time to time MGIC Investment Corporation releases important
information via postings on its corporate website without making
any other disclosure and intends to continue to do so in the
future. Investors and other interested parties are encouraged to
enroll to receive automatic email alerts and Really Simple
Syndication (RSS) feeds regarding new postings. Enrollment
information can be found at http://mtg.mgic.com under Investor
Information.
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/mgic-names-new-executive-vice-president---chief-risk-officer-300076040.html
SOURCE MGIC Investment Corporation