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Radian Group Inc (RDN.N)

RDN.N on New York Stock Exchange

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14 Dec 2017
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Summary

Name Age Since Current Position

Herbert Wender

79 2005 Non-Executive Independent Chairman of the Board

Richard Thornberry

58 2017 Chief Executive Officer, Director

J. Franklin Hall

48 2015 Chief Financial Officer, Executive Vice President

Jeffrey Tennyson

54 2016 President - Clayton Holdings LLC

Derek Brummer

46 2013 Executive Vice President, Chief Risk Officer

Edward Hoffman

43 2012 Executive Vice President, General Counsel, Corporate Secretary

Catherine Jackson

54 2008 Senior Vice President, Chief Accounting Officer, Controller

David Carney

79 1992 Independent Director

Howard Culang

70 1999 Independent Director

Lisa Hess

61 2011 Independent Director

Stephen Hopkins

66 1999 Independent Director

Gaetano Muzio

63 2012 Independent Director

Gregory Serio

55 2012 Independent Director

Noel Spiegel

69 2011 Independent Director

Emily Riley

2017 IR Contact Officer

Biographies

Name Description

Herbert Wender

Mr. Herbert Wender is an Non-Executive Independent Chairman of the Board of Radian Group Inc. since May 2005. He also previously served in this role from August 1992 to May 1999 and as Lead Director from May 1999 until his current appointment. Mr. Wender served as Chairman of the Board and Chief Executive Officer of Radian Guaranty Inc. our principal mortgage insurance subsidiary (“Radian Guaranty”), from June 1983 until July 1992. Between 1998 and 2001, Mr. Wender also served as a director and Vice Chairman of LandAmerica Financial Group, Inc. a title insurance company. Before that, he was Chairman of the Board and Chief Executive Officer of LandAmerica Financial Group’s predecessor, Commonwealth Land Title Insurance Company. He has been a director of Radian since July 1992.

Richard Thornberry

Mr. Richard G. Thornberry has been appointed as Chief Executive Officer, Director of the Company, effective March 6, 2017. He is an accomplished veteran of the mortgage finance industry and joins Radian from NexSpring Group, a provider of mortgage industry advisory and technology services, where he was chairman and chief executive officer. Prior to co-founding NexSpring, Thornberry co-founded and served as president and chief executive officer of Nexstar Financial Corporation, a leading provider of mortgage origination business process outsourcing services, which was acquired by MBNA. He was previously the president and chief operating officer of Citicorp Mortgage Inc. Earlier in his career, Thornberry held executive-level financial and operating positions at Residential Services Corporation of America/Prudential Home Mortgage Company, including as chief financial officer. Mr. Thornberry began his career as a certified public accountant at Deloitte where he primarily worked with financial services clients and entrepreneurial businesses. He has been a director of Radian since March 2017.

J. Franklin Hall

Mr. J. Franklin Hall serves as Chief Financial Officer, Executive Vice President of the Company, since January 1, 2015. Prior to joining Radian, Mr. Hall served in a number of different roles with First Financial Bancorp, a bank holding company based in Cincinnati, Ohio, including serving as Executive Vice President and Chief Financial Officer from 2005 until 2012, and then as Executive Vice President, Chief Financial Officer and Chief Operating Officer from 2012 until 2013. Mr. Hall began his career at Ernst & Young LLP.

Jeffrey Tennyson

Mr. Jeffrey (Jeff) Tennyson has been appointed as President - Clayton Holdings LLC subsidiary of the company. He has more than 30 years of experience in the financial services industry, Tennyson joined Clayton from his post as chief operating officer of B2R Finance, L.P. a leading provider of residential buy-to-rent mortgages for property investors. Prior to B2R Finance, Tennyson was the chief executive officer and chairman of Strategic Lending Group and managing director of Strategic Growth Bank. From 1997 to 2009, Tennyson served as chairman and chief executive officer of EquiFirst Corporation, a national non-agency mortgage lender and subsidiary of Barclays. Tennyson is a Certified Public Accountant and earned a BBA from Harding University and an MBA from Harvard Business School.

Derek Brummer

Mr. Derek Brummer is Executive Vice President, Chief Risk Officer of Radian Group Inc. Mr. Brummer joined Radian in 2002 and served in several positions with Radian Asset Assurance, our former financial guaranty business that was sold to Assured Guaranty Corp. in April 2015, prior to assuming his current role with Radian. Most recently, Mr. Brummer served as Senior Vice President, Chief Risk Officer and General Counsel for Radian Asset Assurance, where he managed all risk and legal matters for the financial guaranty company and its insured portfolio. Prior to joining Radian, Mr. Brummer was a corporate associate at Allen & Overy, and Cravath, Swaine & Moore, both in New York.

Edward Hoffman

Mr. Edward J. Hoffman is Executive Vice President, General Counsel, Corporate Secretary of Radian Group Inc. Since April 2011, Mr. Hoffman also has provided executive oversight for the Company’s compensation and human resources function. Mr. Hoffman joined Radian in August 2005 as Vice President, Assistant General Counsel and was promoted to Senior Vice President, Assistant General Counsel in February 2008. Prior to joining Radian, Mr. Hoffman practiced in the Corporate and Securities Group of Drinker Biddle & Reath LLP in Philadelphia. Mr. Hoffman also currently serves as our Corporate Responsibility Officer.

Catherine Jackson

Ms. Catherine M. Jackson is the Senior Vice President, Controller and Chief Accounting Officer of Radian Group Inc. since January 2008. Before joining Radian, Ms. Jackson served eight years with Capmark Financial Group Inc. a financial services company, including as Chief Accounting Officer from June 2004 to August 2007. Prior to Capmark, she served eight years with Salomon Smith Barney as manager of accounting policy. She began her career in the audit practice at KPMG in Philadelphia.

David Carney

Mr. David C. Carney is an Independent Director of Radian Group Inc. He has served as President of Carney Consulting since March 1995. He served as Executive Vice President of Jefferson Health Systems, the parent company of a regional network of health care providers, from October 1996 until May 1999. Before that, he served as Chief Financial Officer of CoreStates Financial Corp, a banking and financial services holding company. Mr. Carney is a Certified Public Accountant and served as Philadelphia Area Managing Partner for Ernst & Young LLP from 1980 through 1991. Mr. Carney served as CEO and Chairman of the Board of ImageMax, Inc. a provider of outsourced document management solutions, from 1999 through 2003. Mr. Carney currently serves as a Director and Chairman of the Executive Committee of AAA Club Alliance and as a Director of AAA Club Partners. He has been a director of Radian since November 1992.

Howard Culang

Mr. Howard B. Culang is an Independent Director of Radian Group Inc. since June 1999. He served as President of Laurel Corporation, a financial services firm, from January 1996 through December 2011. Mr. Culang was a Managing Member of JH Capital Management LLC, a management company for a private equity fund, from July 1998 to December 2010, and of Cognitive Capital Management LLC, a management company for a fund of hedge funds, from April 2001 to December 2005. In the past, he has served as Vice Chairman of Residential Services Corporation of America, the holding company for Prudential Home Mortgage, Lender’s Service, Inc. and Prudential Real Estate Affiliates, and as a Managing Director and member of the Executive Committee of the Prudential Home Mortgage Company, where he worked from November 1985 to December 2005. Mr. Culang also held a number of senior management positions with Citibank, N.A. including as a Senior Credit Officer. Mr. Culang currently serves as a director of ioSemantics, LLC, a privately owned software company. He has been a director of Radian since June 1999.

Lisa Hess

Ms. Lisa W. Hess has been appointed as Independent Director of Radian Group Inc. Ms. Hess has been President and Managing Partner of SkyTop Capital Management LLC, an investment fund, since October 2010. From October 2002 to December 2008, she was the Chief Investment Officer of Loews Corporation, a diversified holding company, where she was responsible for managing approximately $50 billion in assets. Ms. Hess was a Founding Partner of Zesiger Capital Group, a diversified money manager, and also has held positions at First Boston Corporation, Odyssey Partners and Goldman, Sachs & Co. She has served on the U.S. Treasury Debt Advisory Committee and the Federal Reserve Bank of New York Investors Advisory Committee. Since June 2009, Ms. Hess has been a Trustee of Teachers Insurance and Annuity Association (TIAA), serving on the investment, real estate, customers and products and corporate governance committees. She has been a director of Radian since February 2011.

Stephen Hopkins

Mr. Stephen T. Hopkins is Independent Director of Radian Group Inc. since June 1999. Mr. Hopkins served most recently as President of Hopkins and Company LLC, a management consulting business, from February 1999 to 2014. From 1976 to January 1999, Mr. Hopkins held a number of managerial positions with Federal Home Loan Mortgage Corporation, a government sponsored enterprise that purchases and securitizes qualified mortgage loans, serving as Senior Vice President and National Sales Director from April 1994 through August 1998. He has been a director of Radian since June 1999. Mr. Hopkins’ service as a director of Radian through various business and economic cycles gives him significant knowledge of Radian, its history and its businesses. Additionally, Mr. Hopkins’ experience of more than 20 years with Freddie Mac gives him specialized insight into the mortgage industry and the role of government sponsored enterprises within the industry.

Gaetano Muzio

Mr. Gaetano Muzio is an Independent Director of Radian Group Inc. since May 30, 2012. He is the co-founder of Ocean Gate Capital Management, LP, an investment fund. For 27 years prior to founding Ocean Gate, Mr. Muzio worked at Goldman, Sachs & Co. in various positions, including serving as a Managing Director from 1996 until 2004. In 1986, he became the first Global Mortgage and Asset Backed Sales Manager responsible for creating the sales team and strategy for, and was also one of the founding members of, Goldman’s Mortgage and Asset Backed Department. In 1990, he became a general partner and Co-Head of Goldman’s Mortgage Department, with responsibilities for overseeing trading, risk management, sales, research, structured finance and compliance for the department. He has been a director of Radian since May 2012.

Gregory Serio

Mr. Gregory V. Serio is an Independent Director of Radian Group Inc. Mr. Serio has served as a partner with Park Strategies, LLC, a management and government relations consulting firm, since January 2005. He currently serves as the head of Park Strategies’ risk and insurance management practice group. Prior to joining Park Strategies, Mr. Serio served as Superintendent of Insurance for the State of New York from May 2001 to January 2005. Before serving as Superintendent, from January 1995 until his appointment as Superintendent in 2001, Mr. Serio served as First Deputy Superintendent and General Counsel of the New York Insurance Department. Mr. Serio also has served as the Chairman of the Government Affairs Task Force of the National Association of Insurance Commissioners (NAIC) and as a member of and NAIC representative on the Financial Services and Banking Information Infrastructure Committee of the United States Treasury. He was also a commissioner of the International Commission on Holocaust Era Insurance Claims. Mr. Serio currently serves on the board of the College of St. Rose in Albany, NY. He has been a director of Radian since May 2012.

Noel Spiegel

Mr. Noel Joseph Spiegel is an Independent Director of Radian Group Inc. Mr. Spiegel was a partner at Deloitte & Touche, LLP where he practiced from September 1969 until May 2010. In his career at Deloitte, he served in numerous management positions, including as Deputy Managing Partner; a member of Deloitte’s Executive Committee; Managing Partner of Deloitte’s Transaction Assurance practice, Global Offerings and IFRS practice and Technology, Media and Telecommunications practice (Northeast Region); and as Partner-in-Charge of Audit Operations in Deloitte’s New York Office. Mr. Spiegel currently serves on the boards of directors and as Chair of the audit committees of American Eagle Outfitters, Inc. and vTv Therapeutics, Inc. He has been a director of Radian since February 2011.

Emily Riley

Basic Compensation