Freddie Mac has announced that Mark B. Grier has been elected to its board of directors.
Prior to joining Freddie Mac, Grier served as the vice-chairman and a member of the board of directors of Prudential Financial, leading up to his retirement in 2019.
Grier joined Prudential in 1995 as chief financial officer before being named office of the chairman in 2002 and as vice-chairman in 2007.
In late 2011, Grier led the $3 billion initial public offering of Prudential Financial, which was one of the largest IPOs in history at the time.
“Mark Grier brings more than 40 years of finance, risk, and market experience to Freddie Mac,” said Sara Mathew, non-executive chair of Freddie Mac’s board of directors. “His deep expertise in capital management will benefit the Board as we guide Freddie Mac through the next chapter of its corporate life.”
Other positions Grier has held include various positions at Chase Manhattan Corporation and its predecessor from 1978 to 1995, including executive vice president, global risk management and executive vice president, co-head of global markets.
Grier is also chair of Achieve and the Global Impact Investing Network and is a Trustee of Eisenhower Fellow and the Tragedy Assistance Program for Survivors.
Grier received his bachelor’s degree and a master’s in economics from Eastern Illinois University, and another MBA in finance and corporate accounting from the University of Rochester.
This announcement comes after the GSE named Donna Corley its head of single-family business, as David Lowman stepped down in October.
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Source: HousingWire Magazine