Freddie Mac Names Permanent Chief Financial Officer

Freddie Mac has named veteran banker Ross J. Kari as its permanent chief financial officer, making him the latest member to join the GSE's new senior executive leadership team under recently appointed CEO Charles E. Haldeman. His appointment is effective October 12. Mr. Kari comes to the GSE from Fifth Third Bancorp, Cincinnati, the nation's 16th largest residential funder of home loans, according to the Quarterly Data Report. During his career he also has held management positions at the Federal Home Loan Bank of San Francisco, and Wells Fargo & Co. Last month Freddie named mortgage industry veteran Bruce Witherell its chief operating officer. When he was appointed in July, Mr. Haldeman expressed his eagerness to build an experienced management team at Freddie.