National Public Finance Guarantee, the muni-only arm of bond insurer MBIA Inc., hired Andrew Nakahata as managing director and head of the unit's western region.
Nakahata will be based in San Francisco and responsible for National's public finance marketing and new business generation efforts in the western half of the United States, National said in a press release Monday. Nakahata joins National from Citigroup Global Markets Inc., where he served as a director in the public finance department and co-head of the higher education group during an almost five-year stint.
"Andy brings a wealth of public finance and client relationship management experience to National at a time when we are significantly expanding our efforts to help investors, issuers and financial intermediaries understand National's unique value proposition," said Tom Weyl, managing director and head of new business development at National. "We're confident that he'll have an immediate impact as we reestablish National in the marketplace and seek to grow our book of business. We're very pleased to welcome him to the team."
Nakahata is expected to start his new position at National in early July.
Weyl said in an interview last week that National planned to add senior level personnel and staff its office in San Francisco with four people by year's end.
Before joining Citigroup Global Markets, Nakahata was an executive director in JPMorgan's tax-exempt capital markets group, where he advised higher education, not-for-profit and state and local government issuers for almost a year and a half. Before that, Nakahata was a vice president in the public sector and infrastructure banking group of Goldman, Sachs & Co. where he worked with state and local government, public utility, not-for-profit healthcare, higher education, and corporate clients on the structuring and sale of general fund, tax, and revenue secured obligations and associated derivative transactions.
