Fannie Names EVP/CIO

Rahul Merchant, the former head of global business technology at Merrill Lynch & Co., has been named executive vice president and chief information officer of Fannie Mae.Fannie Mae said Mr. Merchant, as CIO, will manage the more than one-third of the company's work force that fall within that function. At Merrill Lynch, he had direct oversight of more than 6,000 employees in that company's Global Markets & Investment Banking unit. He was previously an executive vice president at Dresdner, Kleinwort and Benson, a global investment bank. Fannie Mae can be found online at http://www.fanniemae.com.