Fannie Hires Bank Execs For Top EVP Posts

Fannie Mae's newly appointed president and CEO Michael J. Williams recruited three former bank executives to fill key management positions this week. To round out the company's leadership team, Williams has hired Timothy J. Mayopoulos, from Bank of America, as EVP, general counsel, and corporate secretary; Edward G. Watson, of Citigroup, as EVP of operations and technology; and Kenneth J. Phelan, formerly with Wachovia, as EVP of enterprise risk management.

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