People: Primus Guaranty, Ltd. (PRS)

PRS on New York Consolidated

3.46USD
9 Feb 2010
Price Change (% chg)

$0.06 (+1.76%)
Prev Close
$3.40
Open
$3.46
Day's High
$3.51
Day's Low
$3.22
Volume
31,003
Avg. Vol
32,098
52-wk High
$4.41
52-wk Low
$1.16

view people for:

Summary

Name Age Since Current Position
Esposito, Michael 69 2002 Chairman of the Board
Jasper, Thomas 60 2009 Vice Chairman of the Board, Chief Executive Officer
Claiden, Richard 57 2008 Chief Financial Officer, Chief Operating Officer
Tritto, Vincent 2008 General Counsel
Filipps, Frank 61 2002 Director
Hartlage, Thomas 57 2002 Director
Lusardi, Robert 52 2002 Director
Ward, John 63 2004 Director
Giordano, Paul 46 2005 Director
MacNaughton, James 59 2008 Director
Czerniecki, David 2009 Director
» Insider Trading

Biographies

Name Description
Esposito, Michael Michael P. Esposito, Jr. has been the Chairman of the Primus Guaranty, Ltd's Board of Directors since March 2002. Until his retirement from XL Capital Ltd. (NYSE:XL) on December 27, 2007, Mr. Esposito served as non-executive Chairman of the Board of Directors of XL, a provider of insurance and reinsurance coverage and financial products and services, since 1995 and as a Director since 1986. Since 1995, he has served as a Director of Forest City Enterprises, Inc. (NYSE:FCY), a real estate development and management firm, and since 1997 as a Director of Annuity and Life Re (Holdings), Ltd., a life insurance company. Mr. Esposito served as Co-Chairman of the Board of Directors of Inter-Atlantic Capital Partners, Inc., an investment banking firm, from 1995 to 2000. In 2007, Mr. Esposito became non-executive Chairman of the Board of Directors of Syncora Holdings Ltd. (formerly known as Security Capital Assurance Ltd.) (NYSE:SCA). Mr. Esposito served as Executive Vice President and Chief Corporate Compliance, Control and Administration Officer of The Chase Manhattan Corporation from 1991 to 1995, having previously served as Executive Vice President and Chief Financial Officer from 1987 to 1991.
Jasper, Thomas Thomas W. Jasper has been Chief Executive Officer of the Primus Guaranty, Ltd since March 2001and a Director since March 2002 and Deputy Chairman since January 2009. Mr. Jasper joined the Company in 1999 as a consultant to assist in the Company’s formation. Prior to joining the Company, Mr. Jasper served for 17 years as a key executive of Salomon Brothers Inc. and its successor, Salomon Smith Barney Holdings, Inc. In 1982, Mr. Jasper was one of the founders of Salomon’s interest rate swap business. While at Salomon, in 1984, Mr. Jasper co-founded ISDA, served as one of its first Co-Chairmen, and worked to establish ISDA as the world’s preeminent swap association. Mr. Jasper became the Chief Operating Officer of Salomon’s non-Japan Asian business in 1994. In 1997, after the acquisition of Salomon Brothers Inc. by The Travelers Group, Inc., Mr. Jasper created the Global Treasury business plan and structure for the merged firm. Mr. Jasper continued as the Global Treasurer of Salomon Smith Barney until late 1998. Mr. Jasper serves on the Boards of Directors of Phoenix House Foundation and the Wellspring Foundation and on the executive board of the Cox School of Business at Southern Methodist University.
Claiden, Richard Richard Claiden has been the Primus Guaranty, Ltd's Chief Financial Officer since 2003 and Chief Operating Officer since 2008. Mr. Claiden is also Chief Financial Officer and Chief Operating Officer of Primus Asset Management, Inc., a subsidiary of the Company. Mr. Claiden is responsible for the Company’s financial management and reporting. In addition, Mr. Claiden is also responsible for the management of the operations, risk management, and quantitative teams that support the Company’s business activities. Mr. Claiden was previously a Managing Director and Head of Operational Risk for JP Morgan Chase’s Investment Bank from 2001 to 2003. In that position, Mr. Claiden was responsible for the operational risk integration for the investment bank following the merger of JP Morgan and Chase Manhattan Bank. From 1994 to 1999, Mr. Claiden was at Canadian Imperial Bank of Commerce, or CIBC, initially setting up and running operations for CIBC’s Financial Product Group and later as Global Head of Operations for CIBC’s wholesale and investment banking activities. Mr. Claiden was in internal audit at Manufacturers Hanover Trust, or MHT, from 1978 to 1983. Mr. Claiden served as Controller for the Merchant Banking Group and subsequently as head of finance, operations and technology for MHT’s global derivatives group until 1994. Mr. Claiden qualified as a Chartered Accountant with Arthur Andersen & Co. in London from 1974 to 1978. Mr. Claiden received an M.A. in Accounting and Finance from Lancaster University and a B.Sc. in Economics from London University. He is a fellow of the Institute of Chartered Accountants (U.K.).
Tritto, Vincent Vincent B. Tritto has has been appointed General Counsel of Primus Guaranty, Ltd. Mr. Tritto joins Primus from BlackRock, Inc. where he served as Managing Director and Senior Counsel in the firm’s Legal and Compliance Department. Earlier in his career, Mr. Tritto held positions at Morgan Stanley Investment Management Inc. and Rogers & Wells LLP. He received a B.A. from the University of Rochester and a J.D. from St. John’s University School of Law. He is a member of the New York Bar.
Filipps, Frank Frank P. Filipps has been a Director of the Primus Guaranty, Ltd since March 2002. From April 2005 to July 2008, Mr. Filipps was Chairman and Chief Executive Officer of Clayton Holdings, Inc., an information services and analytics company that provides credit and risk management products, primarily mortgage related, to participants in fixed income markets. From 1995 to 2005, Mr. Filipps was Chairman, Chief Executive Officer and a Director of Radian Group Inc. (NYSE:RDN), and its principal subsidiary, Radian Guaranty Inc. (collectively, Radian Group). Radian Group provides private mortgage insurance coverage on residential mortgage loans and financial guaranty insurance on debt instruments. Mr. Filipps originally joined Radian Group in 1992 as Senior Vice President and Chief Financial Officer and became Executive Vice President and Chief Operating Officer in 1994. From 1975 to 1992, Mr. Filipps was at American International Group where he served in a number of executive, financial and investment management positions. Mr. Filipps has been a Director of Impac Mortgage Holdings, Inc. (NYSE:IMH), a mortgage real estate investment trust, since November 1995.
Hartlage, Thomas Thomas J. Hartlage has been a Director of the Primus Guaranty, Ltd since March 2002. Since 1990, Mr. Hartlage has been employed in a variety of capacities at subsidiaries of AEGON N.V. (NYSE:AEG), an insurance company. At AEGON N.V., his responsibilities have included strategic planning and product and market development. From 2001 to 2006, he was President of AEGON Structured Products, Inc., a unit of AEGON Institutional Markets focused on building and developing structured transaction business in the capital markets sector. Mr. Hartlage is currently Executive Vice President of AEGON Institutional Markets and has responsibility for sales and marketing of all of the company’s products, including its Dublin, Ireland-based business. Mr. Hartlage has more than 30 years of experience in the financial services sector and is a chartered financial analyst (CFA).
Lusardi, Robert Robert R. Lusardi has been a Director of the Primus Guaranty, Ltd since March 2002. Mr. Lusardi is a Senior Partner of White Mountains Insurance Group, Ltd. (NYSE:WTM), a financial services firm, and is Chief Executive Officer of White Mountains Financial LLC. From 1998 to 2005, he was an Executive Vice President and member of the executive management board of XL Capital Ltd. (NYSE:XL), a provider of insurance and reinsurance coverage and financial products and services; his positions included Chief Financial Officer of XL and Chief Executive Officer of Financial Products and Services, an operating segment. From 1980 until 1998, Mr. Lusardi was at Lehman Brothers where he ultimately served as a managing Director and headed the insurance and asset management investment banking practice. He is also Director of Symetra Financial Corporation, a life insurance entity, OneBeacon Insurance Group, Ltd. (NYSE:OB), a property-casualty insurer, and Esurance Inc., a personal lines insurer.
Ward, John John A. Ward, III has been a Director of the Primus Guaranty, Ltd since October 2004. Mr. Ward was Chairman of the Board and Chief Executive Officer until September 2007 and a Director until December 2007 of Innovative Card Technologies (NASDAQ:INVC), a payment card technology company. He was previously Chairman of the Board and Chief Executive Officer of Doral Financial (NYSE:DRL), a consumer finance and bank holding company, and the Chairman of the Board of Directors and Chief Executive Officer of American Express Bank and President of Travelers Cheque Group. Mr. Ward joined American Express following a 27-year career at Chase Manhattan Bank, during which he held various senior posts in the United States, Europe and Japan. His last position at Chase Manhattan Bank was that of Chief Executive Officer of ChaseBankCard Services, which he held from 1993 until 1995. Presently, Mr. Ward serves as a Director of MKTG (NasdaqCM: CMKG), a marketing, sales promotion and interactive media services and e-commerce provider company. From 2002 to 2004, Mr. Ward served as a Director of Primus Financial Products, LLC, a subsidiary of the Company (“Primus Financial”).
Giordano, Paul Paul S. Giordano has been a Director of the Primus Guaranty, Ltd since May 2005. Mr. Giordano served as President, Chief Executive Officer and Deputy Chairman of Syncora Holdings Ltd. (formerly known as Security Capital Assurance Ltd.) (NYSE:SCA) and Chairman and Chief Executive Officer of Syncora Guarantee Inc. (formerly known as XL Capital Assurance Inc.) from 2006 until August 2008. Mr. Giordano served as Chief Executive for financial products and services and Executive Vice President of XL Capital Ltd. (NYSE:XL), a provider of insurance and reinsurance coverage and financial products and services, from 2004 until 2006. Mr. Giordano was Executive Vice President, General Counsel and Secretary of XL Capital Ltd. from 1999 to 2004 and served as a Director and officer of a number of XL Capital Ltd affiliates. From 1997 to June 1999, he served as Senior Vice President, General Counsel and Secretary of XL Capital Ltd. Mr. Giordano was in private practice at the law firms of Clifford Chance from 1993 to 1996 and Cleary, Gottlieb, Steen & Hamilton from 1990 to 1993.
MacNaughton, James James MacNaughton has been appointed to the Board of Directors of Primus Guaranty, Ltd since July 2008. Mr. MacNaughton retired from Rothschild Inc. in March 2008 where he was a Senior Advisor. Mr. MacNaughton was a Managing Director and Global Partner of Rothschild from 2001 to 2007. From 1979 through 2000, he was at Salomon Brothers Inc. where he held a variety positions including, for most of that time, Managing Director in Investment Banking. Mr. MacNaughton began his business career in 1973 at Republic National Bank of Dallas as Vice President and Commercial Lending Officer. He has served as a member of the Deutsche Asset Management (Deutsche Bank) International Insurance Advisory Council since 2006 and is a member of the Board of Directors of the Interboro Insurance Company and Max Capital Group Ltd. Mr. MacNaughton is a member of the International Insurance Society and the Board of Public Television Channel WLIW 21 serving New York City and Long Island, New York.
Czerniecki, David Mr. David Czerniecki is Director of Primus Guaranty, Ltd. Mr. Czerniecki has served on the board of directors of Primus Financial Products, LLC since February 2005. He is currently Managing Director of XL Investment Management, a subsidiary of XL Capital Ltd. (NYSE:XL). Prior to assuming his current position at XL Investment Management, Mr. Czerniecki served in senior executive capacities for other XL affiliates including Managing Director of XL Capital Investment Partners, Senior Managing Director of XL Capital Assurance Inc. and President and Chief Investment Officer of XL Portfolio Advisors. Mr. Czerniecki served as a Senior Vice President at Lehman Brothers Inc. from May 1998 until February 2000. Before joining Lehman Brothers, he was a Senior Vice President at Capital Markets Assurance Corporation/MBIA Insurance Corporation. Mr. Czerniecki has prior experience at Credit Lyonnais, National Westminster Bank and Prudential Bache Securities.

Basic Compensation

Name Fiscal Year Total
Esposito, Michael --
Jasper, Thomas 1,597,850
Claiden, Richard 933,388
Tritto, Vincent --
Filipps, Frank --
Hartlage, Thomas --
Lusardi, Robert --
Ward, John --
Giordano, Paul --
MacNaughton, James --
Czerniecki, David --
As Of 30 Dec 2008

Options Compensation

Name Options Value
Esposito, Michael 0 0
Jasper, Thomas 255,001 507,013
Claiden, Richard 53,201 61,688
Tritto, Vincent 0 0
Filipps, Frank 0 0
Hartlage, Thomas 0 0
Lusardi, Robert 0 0
Ward, John 0 0
Giordano, Paul 0 0
MacNaughton, James 0 0
Czerniecki, David 0 0

Insider Trading

Name Shares Traded Price
JASPER THOMAS W 7,900 $4.00
JASPER THOMAS W 4,000 $0.00
SECOND CURVE CAPITAL L L C 1,000,000 $3.20
JASPER THOMAS W 7,000 $0.00
JASPER THOMAS W 30,000 $3.91
JASPER THOMAS W 46,850 $4.03
JASPER THOMAS W 125,000 $4.03
LISEE JOHN 718 $4.12
JASPER THOMAS W 17,901 $3.80
JASPER THOMAS W 5,599 $3.80
JASPER THOMAS W 500 $3.80
JASPER THOMAS W 18,000 $3.75
JASPER THOMAS W 125,000 $3.61
JASPER THOMAS W 13,200 $3.70
JASPER THOMAS W 46,850 $3.61
CLAIDEN RICHARD 800 $3.61
CLAIDEN RICHARD 10,000 $3.51
CLAIDEN RICHARD 6,787 $3.60
JASPER THOMAS W 18,000 $3.40
JASPER THOMAS W 24,000 $3.60
JASPER THOMAS W 18,000 $3.50
JASPER THOMAS W 24,000 $3.30
JASPER THOMAS W 4,800 $3.70
JASPER THOMAS W 14,400 $3.10
JASPER THOMAS W 18,000 $3.20
» Full list on Insider Trading
view people for: