Press Releases

Goldstein joins BluePoint Re from MBIA Insurance, where he was managing director and head of the Real Estate and Secondary Products Group. In his nine plus years at MBIA, he served in a variety of management roles in several mortgage-backed and asset-backed securitization groups.  In particular, he is credited with having significantly strengthened the company's franchise in various emerging and esoteric asset class securitizations.  Prior to MBIA, Goldstein worked for 12 years on Wall Street, most recently as a vice president in mortgage-backed securities at Donaldson, Lufkin and Jenrette. He holds a bachelor's degree in math and economics from Wesleyan University.

“Sandy brings over 20 years of structured finance experience and almost 10 years in the financial guaranty industry to our platform,” said McEvoy. “He is a great addition to our team and we know he will bring fantastic value to the BluePoint franchise.  With his depth of experience, we are excited by the opportunities he will create for BluePoint and our client base.”

BluePoint Re, Limited serves primary financial guaranty companies and reinsures investment grade structured finance and municipal transactions. The company, rated AA by Standard and Poor's and Aa3 by Moody's, began operations in November 2004.

About Wachovia
Wachovia Corporation (NYSE:WB) is one of the nation's largest diversified financial services companies, providing 13.4 million household and business relationships with a broad range of banking, asset management, wealth management and corporate and investment banking products and services. Wachovia operates as Wachovia Bank through 3,159 offices in 16 states from Connecticut to Florida and west to Texas, and, until merger integration activity is completed, will continue to be known as Western Financial Bank in California. Two core businesses operate under the Wachovia Securities brand name: retail brokerage in 49 states and in Latin America, and corporate and investment banking in selected industries nationwide. Globally, Wachovia serves clients through more than 40 international offices. Online banking is available at wachovia.com; online brokerage products and services at wachoviasec.com, and investment products and services at evergreeninvestments.com. Wachovia had assets of $541.8 billion, market capitalization of $90.2 billion and stockholders' equity of $49.8 billion at March 31, 2006.