Richard A. Cole on Sept. 3 will leave his various functions and responsibilities with Enhance Financial Services Group Inc. to become managing director and chief credit officer -- a newly created position -- at Financial Guaranty Insurance Co.

Mr. Cole was president of Guaranty Risk Services, an Enhance subsidiary that arranged securitization for tax-exempt real estate transactions. At FGIC, Mr. Cole will oversee risk management and underwriting in the bond insurer's structured finance endeavors, as well as the firm's entire risk profile.

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