Former JP Morgan GC joins Freddie Mac in Virginia
Mortgage lending company Freddie Mac has appointed William McDavid as executive vice president, general counsel and corporate secretary based in McLean, Virginia.
McDavid was previously the general counsel for JP Morgan Chase & Co where he managed the full range of legal activities, including mergers and acquisitions, intellectual property matters, securities and disclosure issues as well as bank regulatory matters.
In his new role, he will report to chief executive officer Donald Layton and will serve on the company’s management committee.
“Having worked with Bill for over a dozen years, I have enormous respect for his combination of legal acumen and business experience. Few people have Bill's specific experience of being the general counsel of a large financial institution, and that is why he is perfectly suited to help Freddie Mac navigate an increasingly challenging and changing environment,” said Layton. “His appointment also further strengthens our management team as we work together for the broader benefit of the nation’s housing finance system.”
Freddie Mac was established in 1970 to provide liquidity, stability and affordability to the US residential mortgage markets.