PMI Guaranty Hires ABS Chief

Christopher C. Mortello has been named managing director of asset-backed securities at PMI Guaranty Co., a Jersey City, N.J.-based provider of credit enhancement for mortgages and other asset classes.Mr. Mortello will be responsible for origination and new business development for structured finance transactions involving mortgage-backed securities, ABS, and collateralized debt obligations, the company said. Before joining PMI Guaranty, Mr. Mortello spent 10 years at Assured Guaranty, a bond insurer, most recently as managing director, senior vice president, and co-head of consumer ABS. The company is a subsidiary of The PMI Group, which is also the parent company of PMI Mortgage Insurance. PMI Guaranty can be found online at http://www.pmiguaranty.com.