Freddie Mac appointed Saiyid Naqvi, former PNC Mortgage president and CEO, to its board of directors.

“Naqvi brings to the board a deep background in risk and operational management that will help ensure Freddie Mac continues its important work in keeping the U.S. mortgage market strong,” said Christopher Lynch, Freddie Mac's non-executive chairman.

Naqvi has also served on the corporate boards of Genworth Financial and Hanover Capital Mortgage Holdings.