Radian Unit Names Structured Deal Chief

Jack Praschnik has been named senior vice president and head of the global structured products group at Radian Asset Assurance Inc., a Philadelphia-based provider of asset-backed securities and financial guaranty services.In addition to group management responsibilities, Mr. Praschnik will evaluate strategies for the growth of the structured finance business. He has been senior vice president and head of global strategies at Radian since 2003. Mr. Praschnik's previous experience includes over 14 years in risk management, strategic planning, and economic risk analysis, Radian said. He spent several years at MBIA Insurance Corp. as managing director for portfolio risk management. Radian Asset Assurance is a financial guaranty subsidiary of Radian Group Inc., a global credit enhancement company. The parent company can be found on the Web at www.radian.biz.