New York, N.Y., USA - March 31, 2016, New York, N.Y., USA - Ambac Financial Group, a holding company, announced the appointment of David Herzog and Ian Haft to its board.
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Mr. Herzog will be retiring as Executive Vice President and Chief Financial Officer of AIG in April 2016. He joined American General Corporation in February 2000 as Executive Vice President and Chief Financial Officer of the Life Division.
Following AIG's acquisition of American General Corporation in 2001, Mr. Herzog was also named Chief Operating Officer and Chief Financial Officer for the combined domestic life insurance companies.
Mr. Herzogwas elected Vice President, Life Insurance for AIG in 2003 before being named Vice President and Chief Financial Officer, Global Life Insurance in 2004. In 2005, he was named Comptroller, an office he held until October, 2008. Prior to joining American General, he held numerous positions at General American Life Insurance Company.
Mr. Herzog was Chief Financial Officer of GenAmerica Corporation, the parent company of General American and Reinsurance Group of America.
Prior to joining General American, he was Vice President, Controller, for Family Guardian Life, a Citicorp Company, and an Audit Supervisor with Coopers & Lybrand.
Mr. Herzog served as a Director of International Lease Finance Corp., AerCap Holdings NV, American International Life Assurance Company of New York, American International Assurance, and American General Finance Inc.
Mr. Herzog holds the designations of Certified Public Accountant (CPA) and Fellow, Life Management Institute (FLMI). He earned a Bachelor's Degree in Accounting from the University of Missouri-Columbia and an M.B.A. in Finance and Economics from the University of Chicago.
Mr. Haft has been a Partner at Cornwall Capital since 2009. Prior to joining Cornwall Capital, he was a Principal at GenNx360 Capital Partners and a Vice President at ACI Capital Co., LLC.
Mr. Haft began his career at The Boston Consulting Group in 1993 and also was employed at Merrill Lynch & Co. and The Blackstone Group before joining ACI Capital in 2002.
Mr. Haft serves as a Director of Touchstone Gold Holdings S A, as Special Litigation Manager for Smart Skins LLC and as Chairman of the Board of Hone Fitness, Inc.
Previously, Mr. Haft served on the board of American Pacific Corporation as Cornwall Capital’s board designee. ■