– USA, NY – MBIA Inc. (NYSE:MBI) today announced that Keith D. Curry (60) was elected to the Company’s Board of Directors in accordance with the board’s power under MBIA Inc.’s by-laws to fill interim vacancies. Since February of 2006, Mr. Curry has been a city council member in Newport Beach, California where he served as mayor in 2010 and 2013.

In May of 2011, Mr. Curry retired as a managing director of Public Financial Management Inc. (“PFM”), the nation’s largest public finance advisory organization, after a 24-year career in public finance. While at PFM, Mr. Curry served as a member of the firm’s board of directors, strategic planning committee, head of the Western States practice, head of the national Transportation Practice, and head of the Environmental Finance practice. He advised on more than $15 billion in public finance transactions at PFM. From October 2004 to October 2006, he served as President of the National Association of Independent Public Finance Advisors and testified before Congress on issues of financial industry regulation and consumer protections.

“We’re very pleased to welcome Keith to our board,” said MBIA board member and Compensation and Governance Committee Chair David A. Coulter. “His long career and extensive experience in municipal finance as well as his industry contacts will be invaluable to the company, particularly as National Public Finance Guarantee Corporation, our U.S. public finance insurance subsidiary, continues to expand its market share.”

In January 2012, Mr. Curry was named the Director of the Center for Public Policy at Concordia University and Visiting Professor at Concordia University in Irvine, California. He teaches public policy and leadership at the Concordia Graduate Business School.

In addition to the Newport Beach city council, Mr. Curry is a board member and Chair of the Administration Committee of the Orange County Sanitation District and is President of the Orange County Parks Commission. He was formerly President of the Orange County Division of the League of California Cities and the Association of California Cities – Orange County.

Prior to joining PFM, Mr. Curry served in the administration of President Ronald Reagan as Special Assistant to the Federal Transit Administrator and head of private sector initiatives in the Western States from November 1984 to October 1987.

Mr. Curry has a MPA, BA in Political Science and a Certificate in Urban Studies from California State University Long Beach, and completed the executive programs in Driving Government Performance and Negotiation at the John F. Kennedy School of Government at Harvard University.

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