DAVID W. WALLIS

Corporate Board Profile

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AMBAC FINANCIAL GROUP INC

Filing Date	Source Excerpt
2009-03-25	David W. Wallis, Age 49, Director since October 2008. President and Chief Executive Officer of Ambac and Ambac Assurance since October 2008. On October 21, 2008, Mr. Wallis was appointed President and Chief Executive Officer of Ambac and Ambac Assurance. From February 2008 until October 2008, Mr. Wallis served as the Chief Risk Officer of Ambac and Ambac Assurance and had executive responsibility for Credit Risk Management, Capital and Risk Analysis, Risk Transfer and Portfolio Risk Management. From July 2005 to January 2008, Mr. Wallis served as a Senior Managing Director and Head of Portfolio and Market Risk Management. In 2003, he transferred to Ambac’s New York headquarters as a Managing Director within the Credit Risk Management team. He joined Ambac’s London Office in 1996 as a First Vice President where he helped develop and lead the European Structured Finance and Securitization business, becoming a Managing Director in 1999. Prior to joining Ambac in 1996, he was an investment banker at NatWest in the Debt Structuring Group.
2010-04-30	David W. Wallis Age 50 Director since 2008 President and Chief Executive Officer of Ambac and Ambac Assurance since October 2008. ... 2009 Summary Compensation Table shows total compensation of $4,021,568.

Filing Date

Source Excerpt

2009-03-25

David W. Wallis, Age 49, Director since October 2008. President and Chief Executive Officer of Ambac and Ambac Assurance since October 2008. On October 21, 2008, Mr. Wallis was appointed President and Chief Executive Officer of Ambac and Ambac Assurance. From February 2008 until October 2008, Mr. Wallis served as the Chief Risk Officer of Ambac and Ambac Assurance and had executive responsibility for Credit Risk Management, Capital and Risk Analysis, Risk Transfer and Portfolio Risk Management. From July 2005 to January 2008, Mr. Wallis served as a Senior Managing Director and Head of Portfolio and Market Risk Management. In 2003, he transferred to Ambac’s New York headquarters as a Managing Director within the Credit Risk Management team. He joined Ambac’s London Office in 1996 as a First Vice President where he helped develop and lead the European Structured Finance and Securitization business, becoming a Managing Director in 1999. Prior to joining Ambac in 1996, he was an investment banker at NatWest in the Debt Structuring Group.

2010-04-30

David W. Wallis Age 50 Director since 2008 President and Chief Executive Officer of Ambac and Ambac Assurance since October 2008. ... 2009 Summary Compensation Table shows total compensation of $4,021,568.

Data sourced from SEC filings. Last updated: 2025-12-07