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22 G O V E R N M E N T ANTHONY MOON TO MANGE COMPLIANCE RISK FOR FANNIE MAE Fannie Mae has announced the appointment of Anthony Moon as EVP and Chief Risk Officer (CRO), effective starting in Q4 of 2022. In this role, Moon will be responsible for Fannie Mae's Enterprise Risk Management, which oversees the company's governance and strategy for global risk management. Moon will be a member of Fannie Mae's Management Committee and report to David C. Benson, Fannie Mae's President and Interim CEO. Andrew Brammer has served as Interim CRO since April 2022. "With nearly 30 years of deep experience in market, credit, operational, and compliance risk, Moon is well positioned to lead our risk management strategy, a core function of Fannie Mae's business and vital to maintaining the company's safety and soundness," Benson said. "I want to thank Moon for his leadership and expert guidance of the Enterprise Risk Management organization during this transition." Moon joins Fannie Mae from Morgan Stanley, where he has been leading risk management for the Wealth Management and Private Bank division, a business that oversees $5 trillion in client assets. He previously held risk and operations leadership positions at GE Capital, Bank of Tokyo Mitsubishi, and Bankers Trust. "I'm honored to be stepping into such a critical role at Fannie Mae," Moon said. "I look forward to collaborating with my colleagues and the Board of Directors to refine and sustain a strong culture of risk management and oversight, and continue Fannie Mae's mission to support renters and homeowners across the United States." Moon holds a bachelor's degree in economics and management science from State University of New York–Cortland and an MBA from Columbia University. Movers & Shakers Got something to share with us? Send it to Editor@DSNews.com. Fannie Mae announced that it has appointed Priscilla Almodovar as CEO and member of the Board of Directors, effective December 5, 2022. Almodovar will succeed David C. Benson, who has served as Interim CEO and a member of the Board of Directors since May 2022. After her arrival, Benson will continue in his role as President. Almodovar brings more than 30 years of experience in finance, real estate, and community development across a number of institutions and organizations. Since 2019, she has served as President and CEO of Enterprise Community Partners, a national organization focused on increasing the supply of affordable housing, advancing racial equity, and supporting residents and communities. "On behalf of the Board of Directors, we are excited to welcome Priscilla Almodovar as our next CEO," said Michael J. Heid, Chairman of Fannie Mae's Board of Directors. "Priscilla's vast experience in large, complex businesses and her commitment to affordable housing makes her an ideal choice to further Fannie Mae's mission to facilitate equitable and sustainable access to homeownership and quality affordable rental housing across America. I also want to express the Board's deep appreciation to Dave Benson for his invaluable service as Interim CEO since May. We are fortunate to have a leader of Dave's character, skill, and commitment to the company and will benefit from his continued leadership as President, as a critical member of the Management Committee, and a key partner and advisor to the Board of Directors." Prior to her role as President and CEO of Enterprise Community Partners, Almodovar worked for nearly a decade at JPMorgan Chase and led two of the firm's national real estate businesses; most recently, as Managing Director, Co-Head of Real Estate Banking where she served national and regional real estate developers, investors, owners, and investment funds. Earlier in her career, she was President and CEO at New York State Housing Finance Agency, State of New York Mortgage Agency, and Affordable Housing Corporation. She started her career at White & Case LLP, where she was named an equity partner. "It's an honor to join Fannie Mae and lead the company as it carries out its vital role in the housing finance market and works to help ensure that equitable, affordable housing is available to people in communities across the country," Almodovar said. "I look forward to working with the Board, Management, and my new colleagues at Fannie Mae to continue this important work, which has benefited so many people over the company's more than 80-year history." Almodovar is a Board member of Realty Income. She is often featured in the media and has been named to Fortune's "50 Most Powerful Latinas" and Hispanic Business' "100 Most Influential Hispanics." She earned her bachelor's degree from Hofstra University and her Juris Doctor from Columbia University School of Law. 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 Fannie Mae Names New CEO