PURCHASE, N.Y.--(BUSINESS WIRE)--MBIA Inc. (NYSE:MBI) (the Company) today announced that Francis Y. “Frank” Chin (66) was elected to the Company’s Board of Directors, in accordance with the Board’s power under the Company’s by-laws to fill interim vacancies. Since September 2015, Mr. Chin has been a Managing Director and Co-Founder of American Public Infrastructure, LLC, where he advises clients on infrastructure projects.
From May of 1993 until August 2015, Mr. Chin held several positions at Citigroup, including Chairman of the Public Finance Department, Co-Head of the Public Finance Department, and Head of the Public Finance Department. Mr. Chin was a member of the Board of Directors of The Bond Markets Association, including serving as Chairman of the Municipal Division in 2002, and as Vice Chairman in 2001. From 2005 - 2008, Mr. Chin served as a member of the Municipal Securities Rulemaking Board, including as its Chairman in 2008, and during which time he presided over the launch of its Electronic Municipal Market Access (EMMA) online application.
“We are very pleased that Frank has joined the Board, bringing additional public finance knowledge,” said Charles Rinehart, Chairman of the MBIA Inc. Board of Directors. “He is a recognized and accomplished leader in the U.S. public finance market and his knowledge and experience will significantly benefit National Public Finance Guarantee Corporation, our U.S. public finance insurance subsidiary.”
Mr. Chin earned his MBA degree from Harvard Graduate School of Business Administration in 1978. He earned an M.S. degree in Civil Engineering from the Massachusetts Institute of Technology in 1973 and a B.S. degree from the Cooper Union for the Advancement of Science and Art in 1971.
In 2013, The Municipal Forum of New York honored Mr. Chin with its Lifetime Achievement Award. In 2014, he was selected to serve on Governor Cuomo’s MTA Transportation Reinvention Commission.
MBIA Inc., headquartered in Purchase, New York is a holding company whose subsidiaries provide financial guarantee insurance for the public and structured finance markets. Please visit MBIA's website at www.mbia.com.
