National Public Finance Guarantee Corp. (National), a subsidiary of MBIA, has named William Fallon as interim chief executive officer, the firm announced today. Fallon is currently president and chief operating officer of MBIA .
The new hire led the global structured finance division at MBIA before becoming president and chief operating officer. He joined the firm in 2005 as a managing director and head of corporate strategic planning. Fallon was previously a partner in the financial institutions group at McKinsey & Co.