The Federal Housing Finance Agency has recruited two veterans of the Federal Reserve Board to fill key agency posts.
Richard Hornsby will become FHFA's first full-time chief operating officer. He has held senior management and bank supervision positions during his 26 years at the San Francisco Federal Reserve.
FHFA acting director Edward DeMarco also appointed Jon Greenlee to be the agency's deputy director for enterprise regulation, overseeing Fannie Mae and Freddie Mac.
The new GSE regulator comes from KPMG LLP where he was managing director in the firm's financial services regulatory advisory practice. Prior to that Greenlee was a high ranking supervisor at the Federal Reserve where he served for 21 years.
They will assume their new posts on Dec. 5.
"Having extensive large bank supervision and executive management experience, Messrs. Hornsby and Greenlee each bring outstanding backgrounds and skills to their new roles at FHFA,” said DeMarco.
Stephen Cross has been the acting COO while also serving as the deputy director for Federal Home Loan Bank regulation. He will continue to be the chief regulator of the 12 FHLBs.
"Given the size, complexity and level of activity at the agency, we decided a full time COO is needed," a FHFA spokeswoman said.
Meanwhile, Chris Dickenson will move from GSE regulation to head the new FHFA Office of Systemic Risk and Market Surveillance.
