NEW YORK (BUSINESS WIRE) - Assured Guaranty Corporation has opened a new office in Sydney, Australia, which will focus on Assured's expansion in the Australian and Asian/Pacific markets. The office will be headed by Craig Lee, Managing Director, Asia/Pacific, who was previously stationed in Assured's London office.

"We are excited about the opportunity to establish a physical presence in the Asian/Pacific region, which has been an area of focus for Assured since Craig was hired in early 2007," said Mike Schozer, President of Assured Guaranty Corp.

"The opening of the Sydney office testifies to our commitment to the region and marks another milestone in the expansion of our direct financial guaranty franchise."