Radian Appoints Dr. Clifford Rossi as Chief Economist
February 23 2015 - 8:00AM
Business Wire
Radian Group Inc. (NYSE: RDN) today announced the appointment of
Dr. Clifford Rossi as senior vice president and chief
economist.
Dr. Clifford Rossi, SVP, Chief Economist,
Radian (Photo: Business Wire)
In this position, Dr. Rossi is responsible for research,
forecasts, quantitative analysis and financial modeling of Radian’s
mortgage insurance portfolio and the housing and mortgage
markets.
“We are delighted to have someone of Cliff’s caliber and depth
of experience for this role,” said S.A. Ibrahim, chief executive
officer, Radian Group Inc. “Cliff is a sought after expert in the
mortgage industry. His thought-leadership and expertise will
provide valuable insights for the benefit of our clients and
broader market while allowing Radian to enhance its capabilities
and tools.”
“Cliff brings extensive experience in both the public and
private sector and a wealth of financial services knowledge to
Radian,” said Teresa Bryce Bazemore, president, Radian Guaranty
Inc. “In the past, we have benefitted from his valuable insights
and we are pleased that he now joins us in a formal capacity as our
new chief economist.”
Dr. Rossi is an Executive-in-Residence and Professor of the
Practice at the Robert H. Smith School of Business, University of
Maryland, a position that he plans to continue while serving at
Radian. Prior to entering academia, Dr. Rossi had nearly 25 years'
experience in banking and government, having held senior executive
roles in risk management at several of the largest financial
services companies. His most recent position was managing director
and chief risk officer for Citigroup's Consumer Lending Group. Dr.
Rossi also held senior risk management positions at Freddie Mac and
Fannie Mae.
Dr. Rossi is the author of The Risk
Professional’s Survival Guide: Applied Best Practices in Risk
Management and has published a weekly column, “Risk Doctor”
in American Banker. He is also a frequent guest on financial
television news programs and is often quoted on financial policy
issues in major news dailies. He received his PhD from Cornell
University.
About Radian
Radian Group Inc. (NYSE: RDN), headquartered in Philadelphia,
provides private mortgage insurance and related risk mitigation
products and services to mortgage lenders nationwide through its
principal operating subsidiary, Radian Guaranty Inc. These services
help promote and preserve homeownership opportunities for
homebuyers, while protecting lenders from default-related losses on
residential first mortgages and facilitating the sale of
low-downpayment mortgages in the secondary market. Additional
information may be found at www.radian.biz.
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Radian Group Inc.Emily Riley,
215-231-1035emily.riley@radian.biz
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