CIFG, the bond insurance subsidiary of French banking group Caisse Nationale des Caisses d'Epargne, has recruited Eric Tanguy from rating agency Standard & Poor's for its European risk management group.

CIFG, which was set up in 2001 and has twin European and US bases, has also hired Andrew Haslam-Jones, who worked on the merger of the investment banking business of Crédit Lyonnais into Calyon, to join its legal department.