Fannie Mae names board member as chief risk officer

Move signifies the GSE's commitment to risk management

Fannie Mae names board member as chief risk officer

Fannie Mae has announced the addition of key executive Ryan Zanin to its C-suite.

Effective February 01, Zanin will serve as the mortgage firm’s executive vice president and chief risk officer. In a statement, Fannie Mae said that Zanin’s appointment reflects its “sustained commitment to risk management in its drive to create a stronger, more stable housing market.”

Before joining Fannie Mae, the 30-year mortgage industry veteran served as president and CEO of GE Capital. Prior to that, he was managing director and chief risk officer at Wells Fargo. Zanin has also spent 14 years holding leadership positions at Deutsche Bank AG and Bankers Trust Company.

“Ryan’s appointment as chief risk officer comes at a critical time for Fannie Mae. Risk management is a core function of managing our business,” Fannie Mae CEO Hugh Frater said. “Filling this position with someone of Ryan’s caliber is key to meeting our mission to sustainably serve lenders, homebuyers, and renters, and provide liquidity through all market cycles.”

Zanin, who is currently a member of Fannie’s board of directors, notified the company earlier this week of his resignation from the board at the end of the month.

“I am grateful for Ryan’s service on Fannie Mae’s board of directors since 2016, and I’m pleased the company will continue to benefit from his extensive risk management experience and expertise in his new role,” said Sheila Bair, chairwoman of Fannie Mae’s board.