Syncora Holdings Ltd. Announces Appointment of Susan Comparato as Chief Executive Officer and President

PR Newswire

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NEW YORK, Nov. 19 /PRNewswire-FirstCall/ -- Syncora Holdings Ltd. ("Syncora" or the "Company") today announced the appointment of Susan Comparato, 40, as Chief Executive Officer and President. Ms. Comparato has been serving as the Company's Acting Chief Executive Officer and President since August 11, 2008. Effective immediately, Ms. Comparato will also serve on the Board of the Company as well as the Boards of Syncora Guarantee Inc. and Syncora Capital Assurance Inc., the Company's two principal operating subsidiaries.

"Susan's deep understanding of the financial guarantee industry and her ability to work constructively with regulators and the Company's counterparties were instrumental to Syncora's comprehensive restructuring in

July 2009," commented Mike Esposito, Chairman of the Board of Syncora. "Since

August 2008, she has worked tirelessly towards completion of the Company's restructuring plan and the Board of Directors felt the time was right to offer her the opportunity to take up the role on a permanent basis. We are delighted she has accepted and that she will be joining us on the Board."

"I am pleased to have the opportunity to continue to lead Syncora forward," said Comparato. "While the July restructuring and other similar transactions have placed the Company on a firmer footing, I look forward to working with a very supportive Board and dedicated team of employees to achieve the ongoing strategic goals of the Company."

Ms. Comparato joined Syncora Guarantee Inc. ("SGI") in 2001, serving as associate general counsel with a focus on asset-backed securities and collateralized debt obligations. She was subsequently promoted to Managing Director and General Counsel, where she played an integral role in SGI's transition to a public holding company. In February 2008, Ms. Comparato was appointed General Counsel of the Company with responsibility for interaction with all regulatory institutions and for legal counsel and guidance for all the Company's key business initiatives.

Prior to joining SGI, Ms. Comparato worked for Barclay's Capital, where she was an associate director in risk finance. She began her career at Sidley & Austin, as associate attorney in the firm's securitization group. Ms. Comparato graduated magna cum laude from Georgetown University with a B.S. in Finance. She received a J.D. from the College of William & Mary.

About Syncora Holdings Ltd.

Syncora Holdings Ltd. (OTC: SYCRF) is a Bermuda-domiciled holding company. Syncora Guarantee Inc. and Syncora Capital Assurance Inc. are wholly owned subsidiaries of Syncora Holdings Ltd. For more information, please visit

www.syncora.com.

Investor Relations & Media contact Michael Corbally 212 478 3400 michael.corbally@scafg.com

SOURCE Syncora Holdings Ltd.

2009-11-19 08:40:00