BRYN MAWR, Pa., March 19, 2007 (PRIME NEWSWIRE) -- Specialty finance company J.G. Wentworth today announced the appointment of John J. Calamari as Chief Financial Officer. Mr. Calamari, 52, will be based at the company's headquarters in Bryn Mawr, PA and report to Michael Goodman, Chief Executive Officer of J.G. Wentworth.
Mr. Calamari brings a wide range of financial services industry experience to his role at J.G. Wentworth. Prior to joining the company, Mr. Calamari was Senior Vice President, Corporate Controller of Philadelphia-based Radian Group, Inc., a leading provider of credit enhancement for the global financial and capital markets. In this position, he was responsible for overseeing the firm's global controllership functions. Earlier, Mr. Calamari was a financial services consultant, advising leading companies on structuring new products and strategic alliances; establishing financial and administrative functions; and securing private equity financing for start-up enterprises. Earlier in his career, Mr. Calamari served as Chief Accountant of Advanta, a publicly-held specialty finance company, Chief Financial Officer of Chase Manhattan Bank Maryland and Controller of Chase Manhattan Bank (USA). He began his career as Senior Manager at Peat, Marwick, Mitchell & Co. (now KPMG LLP).
"John will play an important role in leading the day-to-day finance operations at J.G. Wentworth," Mr. Goodman said. "We are pleased to have a finance professional of his caliber join our management team as we continue to implement our growth strategy."
About J.G. Wentworth
For more than 15 years, J.G. Wentworth has been purchasing annuities as well as other deferred payment streams. During this time, the company has purchased over $2 billion of future payment obligations. The company's annuity-backed notes are rated AAA by Standard & Poor's and Aaa by Moody's and sold to institutional investors. J.G. Wentworth is based in Bryn Mawr, PA. For more information about J.G. Wentworth, go to www.jgwentworth.com.