William C. Fallon is the interim chief executive officer of National Public Finance Guarantee Corporation. He oversees all financial guarantee insurance activities for municipal bonds, tax-exempt debt and infrastructure finance. Mr. Fallon is also president and chief operating officer of MBIA Inc. responsible for day-to-day operations of MBIA Inc. and its subsidiaries. Previously, Mr. Fallon was head of Global Structure Finance having joined the Company in 2005 as a managing director and head of Corporate and Strategic Planning.

Prior to MBIA, Mr. Fallon was a partner at McKinsey & Company, where he specialized in consulting with financial institutions and was co-leader of the firm's Corporate Finance and Strategy practice and a key member of the North American Wholesale Financial Institutions and Risk Management practices. He also worked extensively with financial institutions in the areas of value-based management, valuation, mergers and acquisitions, securitization and risk management.