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Seán McCarthy co-founded Build America Mutual Assurance Company, the first mutual municipal bond insurer, in July 2012. Prior to that, he was President and Chief Operating Officer (COO) of Assured Guaranty (NYSE: AGO), following its acquisition of Financial Security Assurance (FSA) in July 2009. He was formerly President and COO of FSA. Mr. McCarthy joined FSA in 1988 as head of the Asia-Pacific business, opening that market for public finance. He subsequently headed all business groups prior to becoming COO and, in that position, was instrumental in developing the necessary resources for FSA to enter the municipal business in 1990. He also chaired the Association of Financial Guaranty Insurers from 2006 to 2011. In earlier positions, Mr. McCarthy was a vice-president in the municipal group of PaineWebber and served at E. F. Hutton in the public finance group. He graduated from Georgetown University (BA,1982).