MReport August 2022

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12 | M R EP O RT MCROWD GOVERNMENT VINAY SINGH Vinay Singh has been sworn in as Chief Financial Officer for the U.S. Department of Housing & Urban Development (HUD), having been issued the oath of office by HUD Deputy Secretary Adrianne Todman during a ceremony at HUD's headquarters. "I'm pleased to have Vinay Singh join the HUD team as Chief Financial Officer," HUD Deputy Secretary Todman said. "The Office of the Chief Financial Officer plays a critical role in carrying out HUD's mission, and, with his vast experience, Vinay will be integral to our success." Singh will report directly to and will advise HUD Secretary Marcia L. Fudge on all aspects of financial man- agement, accounting, and budgetary matters; ensures the Department establishes and meets financial management goals and objectives; ensures that HUD is in compliance with financial management legislation and directives; analyzes budgetary implications of policy and legislative proposals; and provides technical oversight with respect to all budget activities throughout HUD. "I'm honored to serve in the Biden-Harris administration as HUD's Chief Financial Officer and work with the talented staff here at HUD to ensure the Department establishes and meets its financial management goals," Singh said. "The Office of the Chief Financial Officer is vital to the efficient and effective delivery on HUD's programs and services, and I look forward to working alongside the talented OCFO team, Secretary Fudge, and Deputy Secretary Todman to fulfill the Department's mission on behalf of the American people." Singh is a Certified Public Accountant (CPA) who previously served as a Senior Advisor to the Administrator at the U.S. Small Business Administration (SBA), as- sisting agency teams to deliver orga- nizational efficiencies to better serve our communities' small businesses. He has 25 years of private sector leadership experience with a deep understanding of finance, analytics, and strategy. Prior to joining the SBA, Singh was a Partner and COO for the Infrastructure practice at KPMG in India. As a senior member of the executive team, he led sev- eral organizational transformation projects, leveraging technology to improve profitability and decision making. Additionally, Singh was a Lead Partner for the World Bank Group account, he supported global sustainability projects focused on solving urban and rural challenges in housing, water, energy, and economic development. DENNIS HERMONSTYNE JR. Freddie Mac has named Dennis Hermonstyne Jr., SVP and Chief Compliance Officer (CCO), bringing more than 20 years of experi- ence managing compliance programs for national banks and international financial services companies to the GSE. Hermonstyne will be a member of the company's senior operating committee, and report directly to CEO Michael DeVito, working closely with Chief Risk Officer Anil Hinduja. "Dennis is an accomplished com- pliance officer with a broad experi- ence at national and international financial services firms. He will be an excellent addition to Freddie Mac's senior operating committee," DeVito said. "I look forward to working closely with Dennis as we continue Freddie Mac's commitment to safety, soundness, and world-class risk management." In his role as Chief Compliance Officer, Hermonstyne will oversee and lead Freddie Mac's compliance risk management program pertaining to the company's legal, regulatory, and conservatorship obligations. Hermonstyne most recently served as EVP and Chief Compliance Officer of Santander Bank, based in Boston, where he was responsible for overseeing the bank's strategic compliance program, and the poli- cies and procedures for compliance vulnerability across the company. Prior to joining Santander in 2017, Hermonstyne was the Deputy Chief Compliance Officer of E*TRADE Bank. His experience also includes several legal positions at federal regulatory agencies, including the Board of Governors of the Federal Reserve System. Hermonstyne will officially join Freddie Mac in his new role on September 19. He holds a Bachelor of Science from Georgetown University and a Juris Doctor degree from Catholic University Columbus School of Law. This month, some of the industry's largest firms welcomed several new hires to expand their operations. Who's moving on and who's moving up in the industry KATIE JONES Fannie Mae has named Katie Jones as its new SVP and Chief Human Resources Officer (CHRO), where she will be a member of Fannie Mae's Management Committee and oversee the company's human resources function. Jones will be responsible for designing and delivering a compre- hensive enterprisewide strategy to attract, retain, engage, and develop talent, and support business and strategic priorities. Jones most recently served as SVP and CHRO at PRA Group, a global financial services firm with approxi- mately 5,000 employees and clients and customers across 18 countries. Prior to PRA Group, Jones held SVP positions at SunTrust Bank, AIG, and Crestar Bank. In these roles, she led national and global human resources functions, including talent acquisition, talent management, learning and de- velopment, succession planning, HR systems, total rewards, diversity and inclusion, and organizational design. In her new role with the govern- ment-sponsored enterprise (GSE), Jones will provide leadership on all aspects of Fannie Mae's HR strategy. She will also partner with others across the GSE, including Fannie Mae's Office of Minority and Women Inclusion (OMWI), to ensure the com- pany's comprehensive HR strategy continues to promote a diverse and inclusive workplace. "We are pleased to welcome such an accomplished executive to the Fannie Mae leadership team," said David C. Benson, President and Interim CEO of Fannie Mae. "With more than 30 years of human resourc- es experience in the financial services sector, Katie is exceptionally well positioned to cultivate Fannie Mae as a destination for top talent and a great place to work. Katie will play a critical role in ensuring we continue to attract, develop, and support our people and positively impact renters and homeowners."

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