Frank J. Bivona is Chief Executive Officer and a member of the Board of Directors of FGIC Corporation. Before joining FGIC, Mr. Bivona was Vice Chairman and Chief Financial Officer of Ambac Financial Group, Inc. and Ambac Assurance Corporation. In addition to his CFO role, other responsibilities while at Ambac included: Group Head of the Financial Services Group; senior member of the Portfolio Risk Management Committee; President of the Construction Loan Insurance Company (Connie Lee), an Ambac subsidiary; and head of several Ambac businesses, including investment arbitrage, derivative products, third party investment management; investor relations, rating agency relationships and reinsurance. Prior to Ambac, Mr. Bivona was with Citibank in various finance positions, including CFO of Citibank's Global Insurance Division. He also worked in the Northern European Division based in London and played a key role in establishing new offices in Scandinavia. He is a member of the Board of Directors of the YMCA of Greater New York. Mr. Bivona received a BS from Adelphi University.