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Fannie Mae introduced the appointment of know-how and banking trade government Peter Akwaboah to chief working officer.
Akwaboah involves the government-sponsored enterprise
As COO at Fannie Mae, Akwaboah will tackle comparable administration duties, main its chief info workplace, enterprise operations and office and safety capabilities. Together with his appointment, he additionally will turn into a member of Fannie Mae’s administration committee.
“Peter’s a few years of expertise and distinctive mixture of know-how and operations experience will add to our deep management bench,” stated Fannie Mae CEO Priscilla Almodovar in a press launch this week.
“We sit up for the expertise and expertise he’ll convey to our know-how and operations as we proceed to answer the wants of the market, rigorously balancing innovation, threat administration, and our dedication to our housing mission,” Almodovar added.
Whereas at Morgan Stanley, Akwaboah additionally labored with the agency’s numerous companies to enhance know-how investments throughout the corporate to enhance profitability. Alongside his function directing know-how technique, he served on the board of the financial institution’s philanthropic arm and was a member of the Federal Reserve Financial institution of New York’s funds threat committee
Earlier in his profession, Akwaboah held a number of technology-related management roles at different main worldwide companies, together with Royal Financial institution of Scotland, Deutsche Financial institution, KPMG and IBM.
Akwaboah is scheduled to start out in his new place on Might 20 and can assist lead an enterprise that has been on the
As a part of its efforts, Fannie Mae began leaning additional into the appliance of
The appointment of a brand new COO is the most recent in a
In its most up-to-date earnings name, the enterprise reported earnings of $17.4 billion in 2023, citing
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