Fannie Mae widens executive roster

Key hire will join the GSE as chief risk officer

Fannie Mae widens executive roster

Fannie Mae has added to its C-suite team.

Coming onboard as executive vice president and chief risk officer is Anthony Moon (pictured), who will jump ship from Morgan Stanley in the fourth quarter. In his new position, Moon will be in charge of Fannie’s enterprise risk management, which oversees the company’s governance and strategy for global risk management.

Moon will take on the role from Andrew Brammer, who has served as interim chief risk officer since April.  Moon will also be a member of Fannie Mae’s management committee. The move comes on the heels of the appointment of Cissy Yang as chief audit executive.

“With nearly 30 years of deep experience in market, credit, operational, and compliance risk, Anthony is well positioned to lead our risk management strategy, a core function of Fannie Mae’s business and vital to maintaining the company’s safety and soundness,” said David Benson, president and interim CEO. “I want to thank Andrew for his leadership and expert guidance of the enterprise risk management organization during this transition.”

Read next: FHFA opens probe into FHLBanks system

Moon has served as chief risk officer of Morgan Stanley’s wealth management and private bank division for over seven years. Before that, he held various risk and operations roles at GE Capital, Bank of Tokyo Mitsubishi, and Bankers Trust.

“I’m honored to be stepping into such a critical role at Fannie Mae,” said Moon. “I look forward to collaborating with my colleagues and the board of directors to refine and sustain a strong culture of risk management and oversight and continue Fannie Mae’s mission to support renters and homeowners across the United States.”