Bermuda-based bond insurer Assured Guaranty Ltd. announced that it has recruited William O'Keefe as senior managing director of municipal marketing.

In his new role, Mr. O'Keefe will primarily focus on maintaining and expanding the direct bond insurance companies' working relationships with municipal sales, trading and syndication desks. He will also lead the company's retail marketing and electronic platform strategy.

Mr. O'Keefe said: "I am very excited about this opportunity. I believe that Assured Guaranty is a great company and that this position is a perfect fit for me."

Mr. O'Keefe brings 20 years of experience as managing director of Morgan Stanley's municipal bond department, where his leadership played a key role in that firm's growth in the public finance and municipal bond markets.