Anthony “Buddy” Piszel, the CFO at Freddie Mac when the housingfinance giant took a hit amid the credit market meltdown, joinedProSight Specialty Insurance as CFO.

|

Piszel, 57, most recently was CFO at CoreLogic, which providesdata on U.S. real estate and mortgages. He resigned from CoreLogicin February 2011 after receiving a Wells notice from the Securitiesand Exchange Commission “in connection with certain disclosurematters” related to his stint as Freddie's CFO from November 2006to September 2008, according to CoreLogic's press release.

|

“The Wells notice was removed,” says Daryl Siry, ProSight'schief marketing and communications officer, “The SEC neverproceeded with action against Buddy. When they proceeded with theiraction against other executives, they notified him that he was notpart of that action.”

|

In December, the SEC filed a lawsuitagainst three other former Freddie Mac executives, including formerChairman and CEO Richard Syron.

|

At ProSight, Piszel succeeds Thomas Iacopelli as CFO; Iacopelliis still with the company.

|

Prior to being named CFO at Freddie Mac, Piszel servedas CFO at Health Net and worked in finance at Prudential.

|

Morristown, N.J.-based ProSight, with more than$200 million in annual revenue, offers niche insurance coverage inlines such as marine and excess workers comp, and for professionssuch as broker dealers, real estate agents and lawyers.

|

For a 2007 T&R interview with Piszel, seeFreddie'sBuddy.

|

Copyright 2018 Bloomberg. All rightsreserved. This material may not be published, broadcast, rewritten,or redistributed.

Complete your profile to continue reading and get FREE access to Treasury & Risk, part of your ALM digital membership.

  • Critical Treasury & Risk information including in-depth analysis of treasury and finance best practices, case studies with corporate innovators, informative newsletters, educational webcasts and videos, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM websites including PropertyCasualty360.com and Law.com.
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.