Christian M. Lown will be the new chief financial officer and executive vice president of Freddie Mac as the company seeks to emerge from conservatorship, Freddie announced Tuesday.
Lown replaces Donald F. Kish, who has served as interim CFO since December. Kish will continue serving as Senior Vice President, Corporate Controller and Principal Accounting Officer.
“I am excited to join Freddie Mac as the company prepares for its next chapter and I look forward to working with such a talented management team and innovative company,” said Lown said.
At Navient, Lown was responsible for the accounting, corporate development, financial planning and analysis, investor relations, procurement, treasury, and vendor management functions. Prior to joining Navient in 2017, Lown was Managing Director, Financial Institutions Group at Morgan Stanley, where he co-led the Global FinTech and North America Banks and Diversified Finance investment banking practices.
“We welcome Chris Lown to Freddie Mac. His demonstrated success as a chief financial officer and strong background in the debt and equity capital markets and in mergers and acquisitions will be invaluable as we prepare our company to exit conservatorship,” Freddie Mac Chief Executive Officer David Brickman said. “I want to thank Donnie Kish for his steady and selfless leadership of our finance function during this transition.”
The Federal Housing Finance Agency placed Fannie Mae and Freddie Mac under conservatorship in September 2008 amid the housing crisis.