Radian Group appoints Richard G. Thornberry as CEO
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.