Freddie Names EVP of Investments

Patricia L. Cook, a Wall Street veteran, has been named executive vice president of investments at Freddie Mac, and she will join the company on Aug. 2.Freddie Mac said Ms. Cook will be responsible for its approximately $630 billion retained mortgage portfolio and debt issuance, as well as risk management strategies for assets and liabilities. The position was formerly held by Gregory Parseghian, who in the wake of the company's accounting scandal was named chief executive officer of Freddie Mac but was later forced to resign. Ms. Cook was most recently managing director and chief investment officer for global fixed-income investments at JPMorgan Fleming Asset Management. She was also managing director and chief investment officer for fixed income at Prudential Investment Management, and she held management posts with Fisher Francis Trees & Watts and Salomon Brothers Inc.