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Treasurer named at MBIA

March
25

Fred C. Pastore has been named managing director and treasurer at MBIA Inc., the Armonk-based bond insurer that has reported heavy losses stemming from its exposure to subprime loans.

Pastore, who has more than 18 years of experience in the financial guarantee industry, began his career at Moody’s as an analyst in the municipal bond insurance group.

He has held various positions since joining MBIA in 1995. MBIA credits him with designing the company’s first long-term financial planning model and a global cash management system. Pastore received a bachelor’s degree in economics from Drew University in Madison, N.J.

This entry was posted on Tuesday, March 25th, 2008 at 3:33 pm by Jay Loomis.
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