Chief Executive Officer
Donald H. Layton is chief executive officer of Freddie Mac, one of the largest sources of mortgage financing in the United States and a leader in building a more efficient and effective housing finance system.
Layton has over 40 years of experience in financial services and as a corporate leader. He worked for nearly 30 years at JPMorgan Chase and its predecessors, starting as a trainee and rising to vice chairman and member of the three-person Office of the Chairman, retiring in 2004. More recently, from 2007 to 2009 he served as chairman and then CEO of E*TRADE Financial, which he shepherded through the financial crisis. Additionally, Layton has been a member of the boards of several financial services firms and was a senior advisor to an industry association.
In his career at JPMorgan Chase, Layton's responsibilities spanned capital markets and investment banking, consumer banking, and operating services. From 2002 to 2004, he was responsible for Chase Financial Services, the consumer and middle market business, which included the fourth largest mortgage firm in the U.S. He was co-chief executive officer of J.P. Morgan, the investment bank of the company, from 2000 to 2002 and oversaw its entire range of global activities. Prior to the merger of Chase Manhattan and J.P. Morgan in 2000, Layton was responsible for Chase's worldwide capital markets and trading activities, including foreign exchange, risk management products, emerging markets, fixed income, and the bank’s investment portfolio and funding department. As well, he was responsible for Treasury & Securities Services, the operating services unit of the company, from 1999 through 2004.
He served as a senior advisor to the Securities Industry and Financial Markets Association from 2006 to 2008 and serves as chairman emeritus of the board of the Partnership for the Homeless, a nonprofit dedicated to reducing homelessness in New York City, after having been its chair for nearly a decade.
Layton received simultaneous Bachelor and Master of Science degrees in economics from the Massachusetts Institute of Technology and a Master of Business Administration from Harvard Business School.
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.
Carolyn H. Byrd
Chairman and Chief Executive Officer
GlobalTech Financial, LLC
Carolyn H. Byrd has served as Chairman and Chief Executive Officer of GlobalTech Financial, LLC, a financial services company she founded, since 2000. From 1997 to 2000, Ms. Byrd was President of Coca-Cola Financial Corporation. From 1977 to 1997, Ms. Byrd held a variety of domestic and international positions with The Coca-Cola Company, including Chief of Internal Audits and Director of the Corporate Auditing Department. She is currently a director of Regions Financial Corporation. Ms. Byrd is a former member of the board of directors of Circuit City Stores, Inc., Popeyes Louisiana Kitchen, Inc. and RARE Hospitality International, Inc., and she also served on the board of directors of St. Paul Travelers Companies, Inc.
Lance F. Drummond
Retired Executive Vice President, Operations and Technology
TD Canada Trust
Lance F. Drummond served as Executive Vice President, Operations and Technology of TD Canada Trust from 2011 to 2014. Prior to joining TD, Mr. Drummond was Executive Vice President of Human Resources and Shared Services at Fiserv Inc. from 2009 to 2011. From 2002 to 2008, he was Senior Vice President and Supply Chain Executive, Service and Fulfillment Executive for Global Technology and Operations and eCommerce and ATM Executive at Bank of America. Mr. Drummond began his career at Eastman Kodak Company, where he held a variety of positions from 1976 to 2002, including serving from 1998 to 2002 as Chief Operating Officer and Corporate Vice President, Kodak Professional Division.
Thomas M. Goldstein
Veteran Financial Services Executive
Thomas M. Goldstein served as Senior Vice President, Chief Financial Officer, Protection Division of Allstate Insurance Company from April 2011 to June 2014. From 2009 to 2011, he served as a consultant to the financial services industry and pursued community bank acquisitions with The GRG Group LLC. Prior to that, he served as Managing Director and Chief Financial Officer for Madison Dearborn Partners from 2007 to 2009. From 1998 to 2007, Mr. Goldstein served in a number of executive and finance positions for LaSalle Bank Corporation, including Chairman, Chief Executive Officer, and President of ABN AMRO Mortgage Group from 2005 to 2007 and as Chief Financial Officer of LaSalle Bank Corporation from 2002 to 2004. He also worked for Morgan Stanley Dean Witter in a variety of positions from 1988 to 1998, including Senior Vice President and Head of Risk Management and Financial Planning and Analysis of Novus Financial from 1997 to 1998 and as Vice President and Head of Finance, Risk Management, Model Development and Investor Relations, of SPS Transaction Services, from 1995 to 1997. Mr. Goldstein is a former member of the Board of Directors of the Federal Home Loan Bank of Chicago and various Allstate subsidiaries. He is currently a director of Kemper Corporation and is a member of the Board of Trustees of Columbia Acorn Trust and Wanger Advisor Trust.
Richard C. Hartnack
Retired Vice Chairman and Head of Consumer and Small Business Banking
Richard C. Hartnack was vice chairman and head of consumer and small business banking at U.S. Bancorp, until his retirement in February 2013. Prior to joining U.S. Bancorp in 2005, Mr. Hartnack served as vice chairman, director and head of the community banking group at Union Bank of California since 1991. Previously, he was executive vice president at First Chicago Corporation where he was responsible for community banking. Earlier, he was in charge of corporate banking at First Interstate Bank of Oregon, where he began his banking career in 1971. Since July 2014, Mr. Hartnack has been Non-Executive Chairman of the board of directors of Synchrony Financial and its wholly owned subsidiary Synchrony Bank. He is a past director of the Federal Reserve Bank of San Francisco, MasterCard International (U.S. Region), UnionBanCal Corporation and U.S. Bank (a subsidiary of U.S. Bancorp). He also previously served as chairman of the California Bankers Association and the Bank Administration Institute.
Grace A. Huebscher
Capital One Multifamily Finance, LLC
Grace Huebscher served as President of Capital One Multifamily Finance, LLC, a subsidiary of Capital One Financial Corporation, from 2013 until March 2017 and served as an advisor of Capital One Commercial Bank from April 2017 until November 2017. Prior to that, Ms. Huebscher was Chief Executive Officer of Beech Street Capital, LLC, a company she co-founded in 2009. From 1997 to 2009, she held a variety of positions at Fannie Mae, including Vice President, Capital Markets. Ms. Huebscher currently serves as a director of The Kenyon Review. She is a former member of the Commercial Board of Governance of the Mortgage Bankers Association.
Steven W. Kohlhagen
Veteran Financial Services and Investment Industry Executive
Steven W. Kohlhagen is a veteran executive in the financial services and investment industries, with three decades of experience. From 1992 to 2003, Mr. Kohlhagen worked at First Union National Bank (predecessor to Wachovia National Bank and Wells Fargo), last serving as managing director of the Fixed Income Division. Mr. Kohlhagen served in senior roles at AIG Financial Products from 1990 to 1992, Stamford Capital Group from 1987 to 1990, Bankers Trust Corporation from 1985 to 1987, and Lehman Brothers, Inc. from 1983 to 1985. Mr. Kohlhagen's public sector experience encompasses consulting work for the Organization for Economic Cooperation and Development from 1980 to 1981, the United States Department of the Treasury from 1976 to 1977, and the Federal Reserve Board in 1976. He was also senior staff economist for the Council of Economic Advisors, White House Staff from 1978 to 1979. In addition, he served as a professor of international economics and finance at the University of California, Berkeley from 1973 to 1983. Mr. Kohlhagen is a member of the Board of Directors of AMETEK Inc. and GulfMark Offshore Inc. Mr. Kohlhagen also is a member of the Advisory Board of the Stanford Institute for Economic Policy Research and of the Board of Advisors of the Roper St. Francis Cancer Center, Charleston, S.C. Mr. Kohlhagen is a former member of the Board of Directors of Abtech Holdings, Inc., Reval Inc. and of the IQ Mutual Funds, a family of Merrill Lynch registered, closed end investment companies.
Christopher S. Lynch
Christopher S. Lynch has served as Non-Executive Chairman of Freddie Mac since December 2011. He is an independent consultant providing a variety of services to financial intermediaries, including corporate restructuring, risk management, strategy, governance, financial and regulatory reporting and troubled-asset management. Prior to retiring from KPMG LLP in May 2007, Mr. Lynch held a variety of positions with KPMG, including National Partner in Charge – Financial Services, the U.S. firm's largest industry division. Mr. Lynch chaired KPMG's Americas Financial Services Leadership team, was a member of the Global Financial Services Leadership and the U.S. Industries Leadership teams, and led the Banking & Finance practice. Mr. Lynch also served as a partner in KPMG's Department of Professional Practice and as a Practice Fellow at the Financial Accounting Standards Board. Mr. Lynch also is a director of American International Group, Inc. In addition, Mr. Lynch serves on the National Audit Committee Chair Advisory Council of the National Association of Corporate Directors and is a member of the Advisory Board of the Stanford Institute for Economic Policy Research. Mr. Lynch is a frequent speaker on matters pertaining to corporate governance, risk management, corporate restructuring, executive development, housing finance, and regulatory reporting.
S. Sara Mathew
Retired Chairman and Chief Executive Officer
The Dun & Bradstreet Corporation
Sara Mathew served as Chairman and Chief Executive Officer of the Dun & Bradstreet Corporation (D&B) until her retirement in December 2013. She joined D&B in 2001, was appointed President and Chief Operating Officer in 2007, Chief Executive Officer in January 2010, and Chairman in July 2010. Before joining D&B, Ms. Mathew spent 18 years at The Procter & Gamble Company in a variety of finance and management positions, including as Vice President of Finance for Australia, Asia and India. Ms. Mathew is a member of the Board of Directors of the Campbell Soup Company, Inc. and Shire plc. She also is a member of the International Advisory Council for Zurich Financial Services Group. She is a former member of the Board of Directors of D&B and Avon Products, Inc.
Saiyid T. Naqvi
Retired President and Chief Executive Officer
Saiyid T. Naqvi served as President and Chief Executive Officer of PNC Mortgage Corporation of America between 1995 and 2001, when PNC Financial Services Group sold off its mortgage business. In 2009, Mr. Naqvi returned to supervise the bank's integration of National City Mortgage Company and to head the newly constituted PNC Mortgage as President and Chief Executive Officer until his retirement in 2013. PNC Mortgage operates as a division of PNC Bank, National Association, which is a subsidiary of PNC Financial Services Group. From 2007 to 2009, Mr. Naqvi served as President of Harley-Davidson Financial Services, Inc., from 2005-2006, he served as Chief Executive Officer of DeepGreen Financial, Inc., and, from 2002-2005, he served as President and Chief Financial Officer of Setara Corporation. Mr. Naqvi formerly served on the Board of Directors of Genworth Financial, Inc. and Hanover Capital Mortgage Holdings, Inc.
Nicolas P. Retsinas
Senior Lecturer in Real Estate
Harvard Business School
Nicolas P. Retsinas is a senior lecturer in Real Estate at the Harvard Business School and is Director Emeritus of Harvard University’s Joint Center for Housing Studies, where he served as Director from 1998 to 2010. He also is a lecturer in Housing Studies at the Graduate School of Design. Prior to his Harvard appointment, Mr. Retsinas served as Assistant Secretary for Housing – Federal Housing Commissioner at the United States Department of Housing and Urban Development from 1993 to 1998 and as Director of the Office of Thrift Supervision from 1996 to 1997. He served on the Board of the Federal Deposit Insurance Corporation from 1996 to 1997, the Federal Housing Finance Board from 1993 to 1998 and the Neighborhood Reinvestment Corporation from 1993 to 1998. Mr. Retsinas also formerly served on the Board of Trustees for the National Housing Endowment and Enterprise Community Partners. Currently, Mr. Retsinas serves on the Board of Directors of the Center for Responsible Lending and as Chair of the Providence Housing Authority, the Community Development Trust and the Rhode Island Housing and Mortgage Finance Corporation.
Eugene B. Shanks, Jr.
Bankers Trust Company
Eugene B. Shanks was President and Chief Executive Officer of NetRisk, Inc., a risk management software and advisory services company he founded from 1997 until its sale in 2002. From 1973 to 1978 and from 1980 to 1995, Mr. Shanks held a variety of positions with Bankers Trust New York Corporation, including Head of Global Markets and President and Director. From 1978 to 1980, he was Treasurer of Commerce Union Bank in Nashville, Tennessee. Mr. Shanks also was a Senior Advisor to Bain and Company from 2008 to 2011. Currently, Mr. Shanks is Trustee Emeritus of Vanderbilt University, a member of the Advisory Board of the Stanford Institute for Economic Policy Research and a founding Director of The Posse Foundation. He also is a member of the Board of Directors of Chubb (formerly ACE Limited).
Anthony A. Williams
Chief Executive Officer and Executive Director
Federal City Council
Anthony A. Williams is the Chief Executive Officer and Executive Director of the Federal City Council of Washington, DC, an organization instrumental in projects such as the Metro, Ronald Reagan Building and International Trade Center, and revitalization of Union Station in Washington, D.C. and is a Senior Advisor at King & Spalding. From 2013 until its merger with Dentons in 2015, he served as a Senior Advisor of McKenna, Long & Aldridge, LLP and subsequently served as a Senior Advisor at Dentons until 2016. Prior to that, Mr. Williams served as the Executive Director of Global Government Practice from 2010 until 2012 and as a Senior Fellow from January 2012 until June 2012 at The Corporate Executive Board Company and was the Bloomberg Lecturer in Public Management at Harvard's Kennedy School of Government from 2009 through 2012. From 2009 to 2010, Mr. Williams served as a Senior Advisor, Intergovernmental Practice at Arent Fox LLP and, from 2007 to 2008, he was the Chief Executive Officer of Primum Public Realty Trust.
Mr. Williams was elected to two terms as the fourth mayor of Washington, D.C. from 1999 to January 2007, having served as its Chief Financial Officer from 1995 to 1998. He also served as Vice-Chair of the Metropolitan Washington Council of Governments and as President of the National League of Cities. From 1993 to 1995, Mr. Williams was the first Chief Financial Officer for the U.S. Department of Agriculture, from 1991 to 1993, he was the Deputy State Comptroller of Connecticut, from 1989 to 1991, he was the Executive Director of the Community Development Agency of St. Louis, Missouri and, from 1988 to 1989, he worked as Assistant Director of the Boston Redevelopment Authority where he led the Department of Neighborhood Housing and Development. Mr. Williams is on the Board of Directors of the Bank of Georgetown and the Calvert Sage Fund. Mr. Williams also previously served as a member of the Board of Directors of Meruelo Maddux Properties, Inc. and Weston Solutions.
*The Non-Employee Directors have determined that these Directors are independent under the criteria set forth in Freddie Mac's Corporate Governance Guidelines.