Anthony “Buddy” Piszel, the CFO at Freddie Mac when the housing finance giant took a hit amid the credit market meltdown, joined ProSight Specialty Insurance as CFO.
Piszel, 57, most recently was CFO at CoreLogic, which provides data on U.S. real estate and mortgages. He resigned from CoreLogic in February 2011 after receiving a Wells notice from the Securities and Exchange Commission “in connection with certain disclosure matters” related to his stint as Freddie's CFO from November 2006 to September 2008, according to CoreLogic's press release.
“The Wells notice was removed,” says Daryl Siry, ProSight's chief marketing and communications officer, “The SEC never proceeded with action against Buddy. When they proceeded with their action against other executives, they notified him that he was not part of that action.”
In December, the SEC filed a lawsuit against three other former Freddie Mac executives, including former Chairman and CEO Richard Syron.
At ProSight, Piszel succeeds Thomas Iacopelli as CFO; Iacopelli is still with the company.
Prior to being named CFO at Freddie Mac, Piszel served as CFO at Health Net and worked in finance at Prudential.
Morristown, N.J.-based ProSight, with more than $200 million in annual revenue, offers niche insurance coverage in lines such as marine and excess workers comp, and for professions such as broker dealers, real estate agents and lawyers.
For a 2007 T&R interview with Piszel, see Freddie's Buddy.
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Susan Kelly
Susan Kelly is a business journalist who has written for Treasury & Risk, FierceCFO, Global Finance, Financial Week, Bridge News and The Bond Buyer.
