Bond insurer Assured Guaranty announced Thursday that it has added Bernard Bailey as managing director in its public finance marketing department.

In his new role, Bailey will focus primarily on maintaining and expanding Assured Guaranty’s institutional client base.

He began working in Assured’s New York office at the beginning of March and reports to Bill O’Keefe, senior managing director.

“With his extensive experience in institutional sales and diverse relationships in the municipal bond market, Bernard will make a valuable contribution to our tradition of high-quality service for our institutional customers,” said O’Keefe.

Bailey has over 25 years of experience working in sales positions at various major banks and dealer firms, including Bear Stearns and Lazard Freres & Co. Most recently, he was senior vice president in institutional sales at First Southwest.

“I am very pleased to be joining Assured Guaranty,” said Bailey. “Municipal bond insurance is a valuable product, and Assured Guaranty is clearly the proven leader. It’s exciting to join such a strong and well established organization.”

The public finance marketing department at Assured Guaranty serves as a point of contact for institutional and retail broker-details seeking information about products or assistance in educating their sales forces and clients about municipal bond insurance.

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