Fannie Mae chief financial officer to resign

She is the latest in a string of high-profile exits

Fannie Mae chief financial officer to resign

Fannie Mae chief financial officer Celeste Mellet Brown (pictured) intends to leave her position, according to a recent filing with the Securities and Exchange Commission.

Brown, after four years as the mortgage giant’s CFO, will resign effective May 28. During her tenure at Fannie, she oversaw the company’s financial management functions, including controllers, financial reporting, financial planning and analysis, treasury, and asset/liability management. Brown also led the GSE’s corporate strategy involving strategic planning and economic research.

Before making the switch to Fannie Mae, Brown spent 18 years at Morgan Stanley, where she last served as global treasurer. Additionally, she was the head of investor, creditor, and counterparty relations at the firm.

Brown’s departure is the latest in a string of exits from Fannie Mae. Over the past year, Fannie saw its chief executives walk out the door, including Andrew Bon Salle (former head of the single-family business), Jeffery Walker (chief strategic officer for single-family), Desmond Smith (chief customer officer), and John Forlines (chief risk officer).