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Freddie Mac Creates, Names New Chief Administrative Officer

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Freddie Mac named Jerry Weiss chief administrative officer Monday, stating that creating this new position "aligns functions that position Freddie Mac as an effective means of support for our housing mission." Weiss will continue to act as the company's chief compliance officer and oversee the Compliance, Economics and Strategy, Regulatory Affairs and Mission divisions. His new duties will include managing External Relations and Human Resources as well as managing Freddie Mac's regulatory affairs and acting as the company's senior executive liaison to the Federal Housing Finance Agency and the U.S. Department of the Treasury. he will report to CEO Charles "Ed" Haldeman, Jr. Weiss joined Freddie Mac in 2003 after serving as global head of compliance for Merrill Lynch Investment Managers for 13 years. In 2009, he gained responsibility for overseeing Freddie Mac's activities related to the President's Making Home Affordable Program (MHA), including Freddie Mac's MHA - Compliance organization, which manages the compliance review function of the MHA mortgage loan modification program. Write to Christine Ricciardi. Disclosure: the author holds no relevant investments.

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