Executive Vice President, General Counsel and Corporate Secretary
William McDavid was named executive vice president, general counsel and corporate secretary in July 2012. McDavid is a member of the company's management committee and reports directly to CEO Don Layton.
In his role as principal legal counsel to Freddie Mac, McDavid has oversight and management responsibility for all legal and regulatory strategies, services, and resources and corporate governance matters.
McDavid’s legal career spans over 35 years, the majority being served in the banking and financial sector. Over the course of his career, he has overseen a full range of legal activities, including mergers and acquisitions, intellectual property matters, securities and disclosure issues, as well as bank regulatory matters.
McDavid was General Counsel for JP Morgan Chase, prior to its merger in 2004 with BankOne, and its predecessors going back to Chemical Bank starting in 1988. From 2004 to 2006 he was Co-General Counsel for JP Morgan Chase & Co.
He began his career as an associate at Debevoise & Plimpton in New York, practicing corporate law from 1972 to 1981. And from 1981 to 1988 he practiced banking and financial law at Bankers Trust Company in New York and London, including two years in London as head of its European legal division.
McDavid holds an A.B. degree from Columbia College and a J.D. degree from Yale Law School. He is a member of the Executive Committee of Yale Law School Association and served for many years as a trustee, and as Chair of the board of trustees, of the French-American School of New York.
Freddie Mac was established by Congress in 1970 to provide liquidity, stability and affordability to the nation’s residential mortgage markets. Freddie Mac supports communities across the nation by providing mortgage capital to lenders. Today Freddie Mac is making home possible for one in four home borrowers and is one of the largest sources of financing for multifamily housing. For more information please visit www.FreddieMac.com and Twitter @FreddieMac.