Federal National Mortgage Association (FNMA) has released an update.
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Peter Akwaboah has been appointed as the new Executive Vice President and Chief Operating Officer of Fannie Mae, set to start on May 20, 2024. With a rich background as a Managing Director at Morgan Stanley and previous roles at the Royal Bank of Scotland, Deutsche Bank, KPMG, and IBM, Akwaboah brings a wealth of experience in technology and innovation to his new position. His compensation package at Fannie Mae will total $3.75 million annually, with additional benefits and a sign-on award to offset forfeited earnings from Morgan Stanley. His appointment is a strategic move for Fannie Mae as it continues to enhance its operational and technological capabilities in the competitive finance sector.
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