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26 G O V E R N M E N T VINAY SINGH SWORN IN AS HUD CFO Vinay Singh has been sworn in as Chief Financial Officer for the U.S. Department of Housing & Urban Development (HUD), having been issued the oath of office by HUD Deputy Secretary Adrianne Todman during a ceremony at HUD's headquarters. e U.S. Senate confirmed Singh as HUD CFO on June 22. "I'm pleased to have Vinay Singh join the HUD team as Chief Financial Officer," HUD Deputy Secretary Todman said. "e Office of the Chief Financial Officer plays a critical role in carrying out HUD's mission, and, with his vast experience, Vinay will be integral to our success." HUD's Office of the Chief Financial Officer (OCFO) provides leadership in instituting finan- cial integrity, fiscal responsibility, and accountability. e CFO's job is to lead the HUD's headquarters and field office officials towards the understanding and practice of sound financial management in program development and operations and in the stewardship of public resources. Singh will report directly to and will advise HUD Secretary Marcia L. Fudge on all aspects of financial management, accounting, and budgetary matters; ensures the Department establishes and meets financial management goals and objectives; ensures that HUD is in compliance with financial management legislation and directives; analyzes budgetary implications of policy and legislative proposals; and provides technical oversight with respect to all budget activities throughout HUD. "I'm honored to serve in the Biden-Harris administration as HUD's Chief Financial Officer and work with the talented staff here at HUD to ensure the Department establishes and meets its financial management goals," Singh said. "e Office of the Chief Financial Officer is vital to the efficient and effective delivery on HUD's programs and services, and I look forward to working alongside the talented OCFO team, Secretary Fudge, and Deputy Secretary Todman to fulfill the Department's mission on behalf of the American people." Singh is a Certified Public Accountant (CPA) who previously served as a Senior Movers & Shakers Got something to share with us? Send it to Editor@DSNews.com. Freddie Mac has named Dennis Hermonstyne Jr., SVP and Chief Compliance Officer (CCO), bringing more than 20 years of experience managing compliance programs for national banks and international financial services companies to the GSE. Hermonstyne will be a member of the company's senior operating committee, and report directly to CEO Michael DeVito, working closely with Chief Risk Officer Anil Hinduja. "Dennis is an accomplished compliance officer with a broad experience at national and international financial services firms. He will be an excellent addition to Freddie Mac's senior operating committee," DeVito said. "I look forward to working closely with Dennis as we continue Freddie Mac's commitment to safety, soundness, and world-class risk management." In his role as Chief Compliance Officer, Hermonstyne will oversee and lead Freddie Mac's compliance risk management program pertaining to the company's legal, regulatory, and conservatorship obligations. Hermonstyne most recently served as EVP and Chief Compliance Officer of Santander Bank, based in Boston, where he was responsible for overseeing the bank's strategic compliance program and the policies and procedures for compliance vulnerability across the company. Prior to joining Santander in 2017, Hermonstyne was the Deputy Chief Compliance Officer of E*TRADE Bank. His experience also includes several legal positions at federal regulatory agencies, including the Board of Governors of the Federal Reserve System. Hermonstyne will officially join Freddie Mac in his new role on September 19. He holds a Bachelor of Science from Georgetown University and a Juris Doctor degree from Catholic University Columbus School of Law. "Dennis is an accomplished compliance officer with a broad experience at national and international financial services firms. He will be an excellent addition to Freddie Mac's senior operating committee." — Michael DeVito, Freddie Mac CEO S P O T L I G H T P R O F I L E G O V E R N M E N T Freddie Mac Taps Former Santander Bank Exec to Lead Compliance Efforts