Freddie Names Market Risk Chief

Robin Grieves has been named to head Freddie Mac's Market Risk Oversight department.Mr. Grieves will be responsible for, among other things, measuring interest rate risk; creating risk management reporting and management controls; and monitoring compliance with internal risk management policies and procedures. He taught portfolio management and financial engineering to graduate students at Thunderbird, The Garvin School of International Management in Arizona. Mr. Grieves was also director of fixed-income research and government bond strategist at HSBC Securities and vice president for government bond strategies at Salomon Brothers. He also worked previously at Freddie Mac, from 1987 to 1992, as a director in the company's financial research department. Freddie Mac can be found online at http://www.freddiemac.com.