Susan Comparato is Syncora Holdings Ltd.’s Chief Executive Officer and President and a member of the company’s Board of Directors. She also holds the same position at the company’s two principal operating subsidiaries, Syncora Guarantee Inc. and Syncora Capital Assurance Inc. Syncora Holdings Ltd. is a global financial guarantee insurance company providing value to its clients through innovative financial products. Syncora provides financial guarantees and credit derivatives for US municipal bonds, structured products and essential infrastructure project finance debt in the US, Europe, Latin America and Australia.
During the financial crisis, Syncora Holdings experienced extreme financial stress. Ms. Comparato was a leader in the company’s complex restructuring efforts with its former parent and approximately twenty-five counterparty banks. Through its intensive restructuring efforts, Syncora Guarantee Inc. dramatically reduced its residential mortgage backed exposure and restored its surplus position to a positive from a deficit of almost $4 billion in July 2009. Throughout Syncora’s restructuring, Ms. Comparato worked extensively with Syncora’s regulators in an approach which emphasized transparency and cooperation. Since 2009, Ms. Comparato has restructured Syncora’s operations and staff to focus on active monitoring of its insured portfolio, aggressive risk remediation and reduction, liquidity management and asset recovery efforts.
Ms. Comparato joined Syncora Guarantee Inc. in 2001 as associate general counsel with a focus on asset-backed securities, collateralized debt obligations and derivative products. She was subsequently promoted to Managing Director and General Counsel of Syncora Guarantee Inc. and managed a team responsible for negotiating, structuring and closing all transactions for the financial guarantee business segment. She played an integral role in Syncora’s spin-off via an initial public offering from XL Capital Ltd. and transition to a public holding company.
Prior to joining Syncora Guarantee Inc., Ms. Comparato worked for Barclay’s Capital, where she was an associate director in risk finance. She began her career at Sidley & Austin in the firm’s securitization group. She represented underwriters in a wide range of structured transactions, including securitizations backed by mortgages, manufactured housing, trade receivables, collateralized loan obligations and collateralized debt obligations.
Ms. Comparato is currently the Treasurer of the Association of Financial Guaranty Insurers, the trade association for financial guarantee companies.
Ms. Comparato received her J.D. from the College of William & Mary. She graduated magna cum laude from Georgetown University with a B.S. in Finance. Ms. Comparato resides in Glen Ridge, NJ, with her husband and two children.