Bruce M. Witherell, 49, a mortgage industry veteran, has been appointed chief operating officer of Freddie Mac effective 14 September 2009. Witherell will report to Chief Executive Officer Charles E. Haldeman, Jr.
In that position, he will oversee and ensure effective integration across the company’s three business lines — Single Family Credit Guarantee, Multifamily Sourcing and Investments and Capital Markets — as well as its Operations and Technology division.
Previously, Witherell was managing director and global co-head of the residential mortgage business at Morgan Stanley where he was responsible for the residential mortgage origination and servicing platforms, mortgage operations in the United States, England, Italy, Japan and Russia, and global trading.
“To accomplish Freddie Mac’s mission and business goals, we must make sure that the company is running at the highest levels of efficiency and operational excellence,” says Haldeman. “I have asked Bruce — an experienced executive with demonstrated expertise in mortgages and capital markets, superb leadership skills and management experience — to join Freddie Mac’s strong management team and help us execute our many functions and focus on the right objectives. Bruce has an impressive track record of success and I am thrilled to have him join our team.”
L.D.