dexia sa (DEXB:EN Brussels)

Executive Profile*

Background*

Stephen F. DeGroat has been Senior Vice President of Dexia SA since June 4, 2007. Mr. DeGroat, formerly a Managing Director of Financial Security Assurance Inc.'s insurance and other products, has taken a job with Dexia, FSA's French bank parent. As a Senior Vice President, Mr. DeGroat market direct lending deals to public issuers for Dexia Credit Local's public finance group. Mr. DeGroat was hired to help expand the new line of business around the country. Mr. DeGroat ... worked for the last 11 years at FSA, where he helped market products to state and local governments along the East Coast. Prior to that, he was a Vice President and Eastern Region Manager in MBIA Insurance Corp.'s tax-backed group. He began his career in munis as a senior examiner of municipal affairs for the New York state comptroller's office, based in White Plains. He is the Trustee at Citizens Budget Commission. He has been a member of several industry groups and was president of the Municipal Forum of New York for the 2005-2006 term.

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