Fannie Mae (FNMA)

[navycmdr]

Fannie Mae recruits board member for risk chief role

Jan. 21, 2021 4:24 PM ET By: Liz Kiesche, SA News Editor

--- Fannie Mae (OTCQB:FNMA) taps a member of its board, Ryan A. Zanin, to fill the role of executive vice president and chief risk officer, effective Feb. 1, 2021.

--- As a result of the appointment, Zanin will resign from the board on Jan. 31, 2021.

--- "Ryan's appointment as chief risk officer comes at a critical time for Fannie Mae. Risk management is a core function of managing our business," said Fannie Mae's CEO Hugh Frater.

--- Zanin was formerly president and CEO of the Restructuring & Strategic Ventures Group at GE Capital from 2015 until his retirement from General Electric in July 2018. He was GE Capital's chief risk officer from 2010 to 2015 and again served in that role from November 2016 until his retirement. Before his GE stint, he worked at Wells Fargo and Wachovia.

--- Regulatory reached a deal last week to allow Fannie Mae and Freddie Mac to retain earnings.