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Radian Group appoints Richard G. Thornberry as CEO

Radian GroupRadian Group, a financial company, announced that Richard G. Thornberry has been appointed CEO and a member of the board from March 6, 2017.
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Mr. Thornberry has more than 30 years of experience in the financial services industry, as a leader of some of the most innovative mortgage industry businesses.

Most recently, Mr. Thornberry served as the chairman and chief executive officer of NexSpring Group, LLC., a firm he co-founded in 2006 to partner with and advise leading private equity firms related to potential financial services M&A transactions.

Mr. Thornberry was also co-founder, chairman and chief executive officer of NexSpring Financial, LLC, a wholly owned subsidiary of NexSpring Group.

Prior to founding NexSpring, he teamed up with KKR, a global investment firm, to co-found and launch Nexstar Financial Corporation, Inc., an end-to-end mortgage business process outsourcing firm.

Prior to Nexstar, Mr. Thornberry was the president and chief operating officer of Citicorp Mortgage Inc., and he also held executive-level financial and operating positions at Residential Services Corporation of America/Prudential Home Mortgage Company, including as chief financial officer, until the company was sold in 1996.

Mr. Thornberry began his career as a certified public accountant at Deloitte where he primarily worked with financial services clients and entrepreneurial businesses.

He holds a bachelor of science degree in Business Administration with a major in Accounting from St. Louis University.

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