Former CEO of Britannic Money and leading UK finance sector figure Tony Ward has been appointed as president and CEO of Clayton Euro Risk Limited. Ward’s appointment, made by the board of Clayton Euro Risk’s U.S. parent company Clayton Holdings , will begin in April.
“We are very excited to have Tony to lead our European business. His breadth of experience, in-depth knowledge of the mortgage and financial risk world and strong personal profile make him the ideal figure to drive the business forward and really seize opportunities, Joe D’Urso, president of Clayton Holdings said.
Ward joins Clayton Euro Risk from Home Funding, which he led from 2006 to 2015. During his 40-year career, he was a founder of Kleinwort Benson’s innovative mortgage originating and securitisation business, Mortgage Funding Corporation PLC, chairman of the Intermediary Mortgage Lenders Association (IMLA) and deputy chairman of the Council of Mortgage Lenders.
“Clayton has entered a new phase having been acquired by Radian Group last year. Our goal is to expand and develop the business, its range of products and services globally. Clayton Euro Risk and the Europe market will play a vital role in achieving that ambition, hence Tony’s appointment. It is our intention to build on what is already a market-leading platform,” D’Urso said.
Tony Ward said his is thrilled to join Clayton. He will be replacing former co-CEO Michael Bolton.
“Clayton enjoys a strong reputation in the European markets as a leader in the mortgage and other loan due diligence and risk services markets. I am thrilled to join the business and am looking to building on its capabilities. Right now, I see plenty of scope for developing new risk solutions to banks and other lenders, investors and Government authorities across Europe.
Clayton, headquartered in Shelton, Connecticut, provides information and services that financial institutions, investors and government entities use to evaluate, acquire, securitize, service, and monitor loans and asset-backed securities. Clayton offerings include risk-based analytics, residential and commercial loan due diligence, consulting, surveillance and staffing solutions.
Clayton provides customized REO asset management, BPOs and single family rental services through its Green River Capital subsidiary. A global reach in the financial services industry is provided by the company's European subsidiary, Clayton Euro Risk, which is based in Bristol. Clayton Holdings LLC is a wholly owned subsidiary of Radian Group Inc.