Tiptree Financial Inc. (“Tiptree” or the “Company”) (NASDAQ:TIPT), a
diversified holding company, today announced the appointments of Richard
Claiden as the Company’s new Chief Financial Officer and Julia Wyatt as
Chief Operating Officer, effective January 1, 2015. Ms. Wyatt, Tiptree’s
current Chief Financial Officer, will assist Mr. Claiden in his
transition as the Company expands its senior leadership team.
“Richard brings to Tiptree a deep understanding of financial services,
accounting and risk management, including significant tenure as a senior
executive, and we are excited to have someone of his caliber joining our
team,” remarked Geoffrey N. Kauffman, President and Chief Executive
Officer of Tiptree. “In addition, Julia has been a valuable member of
the Tiptree team since its inception and I am pleased to announce her
appointment to the newly created role of Chief Operating Officer.”
Prior to joining Tiptree, Mr. Claiden spent 11 years at Primus Guaranty,
Ltd., a public company that specialized in the management and sale of
credit derivative products, where he was CEO from 2010 until November
2014 and previously held the positions of CFO and COO. As CEO, he
managed treasury and operating activities, as well as monitored risk in
the company’s credit swap portfolio. Prior to Primus, Mr. Claiden served
from 2000 to 2003 as Managing Director of Investment Bank Operational
Risk at JP Morgan Chase, where he devised and implemented risk
management controls for the investment bank division. He also spent six
years as a Managing Director at CIBC, assuming the role of Head of
Global Operations following his tenure as Head of Financial Products
Operations. Before CIBC, Mr. Claiden held a series of increasingly
senior positions at Manufacturers Hanover Trust/Chemical Bank and began
his career as a Chartered Accountant in the London office of Arthur
Andersen & Co. Mr. Claiden received his B.Sc. in Economics from the
University of London and his MA in Accounting and Finance from Lancaster
University in the United Kingdom. He is a fellow of the Institute of
Chartered Accountants (U.K.).
About Tiptree
Tiptree is a diversified holding company engaged through its
consolidated subsidiaries in a number of businesses and is an active
acquirer of new businesses. Tiptree, whose operations date back to 2007,
currently has subsidiaries that operate in four industry segments:
insurance and insurance services, specialty finance, asset management
and real estate. Tiptree is publicly traded on the NASDAQ stock market
(NASDAQ: TIPT). For additional information, please visit Tiptree’s
website at www.tiptreefinancial.com.
Forward-looking Statements
This release contains “forward-looking statements” which involve risks,
uncertainties and contingencies, many of which are beyond Tiptree’s
control, which may cause actual results, performance, or achievements to
differ materially from anticipated results, performance, or
achievements. All statements contained in this release that are not
clearly historical in nature are forward-looking, and the words
“anticipate,” “believe,” “estimate,” “expect,” “intend,” “may,” “might,”
“plan,” “project,” “should,” “target,” “will,” or similar expressions
are intended to identify forward-looking statements. Such
forward-looking statements include, but are not limited to, statements
about Tiptree’s plans, objectives, expectations and intentions. The
forward-looking statements are not guarantees of future performance and
are subject to risks, uncertainties and other factors, many of which are
beyond Tiptree’s control, are difficult to predict and could cause
actual results to differ materially from those expressed or forecasted
in the forward-looking statements. Tiptree’s actual results could differ
materially from those anticipated in these forward-looking statements as
a result of various factors, including, but not limited to those
described in the section entitled “Risk Factors” in Tiptree’s Annual
Report on Form 10-K, and as described in the Company’s other filings
with the Securities and Exchange Commission. Readers are cautioned not
to place undue reliance on these forward-looking statements, which speak
only as to the date of this release. The factors described therein are
not necessarily all of the important factors that could cause actual
results or developments to differ materially from those expressed in any
of Tiptree’s forward-looking statements. Other unknown or unpredictable
factors also could affect Tiptree’s actual results. Consequently,
Tiptree’s actual performance could be materially different from the
results described or anticipated by its forward-looking statements.
Given these uncertainties, investors should not place undue reliance on
these forward-looking statements. Except as required by the federal
securities laws, Tiptree undertakes no obligation to update any
forward-looking statements.
Copyright Business Wire 2014