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NRI banker to head top US firm
SA Ibrahim, an engineer from Andhra, is taking over as CEO of Radian Group.
SA Ibrahim, a veteran of the banking and mortgage industries, is taking over as CEO of Radian Group Inc, a leading provider of global credit enhancement products and services.
Ibrahim, 53, a mechanical engineer from Osmania University in Andhra Pradesh, and an MBA in finance from the Wharton School of the University of Pennsylvania, will take charge on May 5, a company announcement said.
He succeeds Frank Filipps, who is retiring from Radian.
"I'm very pleased to take on this exciting new responsibility. Radian has built a solid reputation for innovation and customer focus," Ibrahim, who has spent 27 years in the banking and mortgage industries, was quoted as saying.
"I look forward to working with the Radian team to continue that culture of excellence."
Before joining Radian, Ibrahim worked as president and CEO of GreenPoint Mortgage, a leading national mortgage banking company.
During his tenure from 1999, he was credited with leading GreenPoint through a period of dramatic growth in originations, market share and income, driven by product development, technology leadership and the establishment of successful industry partnerships and new ventures.
Ibrahim's work on building operating platforms and infrastructure includes a position with American Express, where he served as the head of international operations reengineering.
Before American Express, Ibrahim was CEO and chief operations officer of Chemical Banking Corporation's mortgage lending unit, where he helped transform the company into a nationally recognised mortgage lender.
"SA will be an exceptional CEO," said Radian's lead director Herbert Wender.
"With 27 years of experience and proven success, he is a well-established leader in the financial services industry and he brings tremendous knowledge and vision.
"The board and I look forward to working with SA as Radian applies its risk management expertise to new challenges in financial markets around the world."
