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As president and chief operating officer of FSA Séan McCarthy has responsibility for the company's strategic direction and insurance originations across all municipal and asset-backed sectors worldwide and for bringing together all of the critical skills and technical resources needed to advance the development of FSA's businesses. He has been chief operating officer since 1997 and became president in 2000.
From 1993 to 1997 Mr. McCarthy was managing director of FSA's financial guaranty department with responsibility for all transaction groups. In this capacity he oversaw the marketing and underwriting of municipal transactions asset-backed financings and residential mortgage securitizations in the United States and internationally. He also formulated new business development strategies and played a key role in expanding the company's influence throughout the asset-backed and municipal markets.
Earlier as head of FSA's West Coast and Asia Pacific operations he introduced the concept of asset-backed securities and monoline insurance to the Asia Pacific region and helped to open the market for residential mortgage securitization and insured infrastructure finance in Australia and New Zealand.
Prior to joining FSA in 1988 he was a vice president in the municipal securities group of PaineWebber Incorporated. Earlier he worked at E.F. Hutton in the public finance group. | 