“Diversifying our mortgage portfolio has been a key strategy for the Global Mortgage Group over the last several years, and Seamus has played a critical role in growing our international business,” said David Gansberg, CEO of Arch’s Global Mortgage Group.
“Today, nearly 40% of our underwriting profit comes from non-US operations — compared to just over 10% in 2017. International business represents a significant opportunity for the mortgage group at Arch, and I believe Seamus’ demonstrated leadership, combined with his analytical and business acumen, can help us achieve our goals in those markets,” he added.
In his new role, Fearon will be responsible for the management of Arch’s mortgage operations in Australia and Europe as well as its government sponsored enterprise (GSE) credit risk transfer (CRT) and services business. He will also be tasked with diversifying the platform of Arch’s Global Mortgage Group.
Another executive taking on a new role
Aside from Fearon’s promotion, the previous CEO of Arch’s International Mortgage Group, Beau Franklin, will be taking up a new executive role at Arch.
Gansberg expressed his gratitude for Franklin’s contributions to the firm for the past decade.
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