Fannie Mae is hiring Anthony Moon, currently an executive at Morgan Stanley, as its new executive vice president and chief risk officer, effective in the fourth quarter.
Moon will be responsible for enterprise risk management, overseeing the company's governance and strategy for global risk management. In addition, he will be a member of Fannie Mae's management committee and report to President and Interim CEO David Benson.
Andrew Brammer has been serving as interim CRO since April when
"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," Benson said in a press release.
Moon heads risk management for Morgan Stanley's Wealth Management and Private Bank division, a business that oversees $5 trillion in client assets.
Prior to joining Morgan Stanley, Moon had served at GE Capital for nearly six years, holding the role of chief operating officer — risk management in his last 20 months, according to his LinkedIn profile.
Moon also worked as the chief risk officer at Bank of Tokyo-Mitsubishi UFJ for 11 years and at Bankers Trust for 12.
"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."
