Roy Swan, who currently serves as director of mission investments at Ford Foundation, will assume board responsibilities on Feb 19. Swan has held his role with the foundation since 2018, after previously serving as a leader at Morgan Stanley over the preceding decade. Among his leadership positions with the investment bank was president and chief operating officer of Morgan Stanley Trust, as well as co-head of global sustainable finance. His professional background also includes experience in law, banking, corporate finance and public policy.
"Roy Swan's experience in financial services and his work overseeing mission and community development investments established him as a major player in impact investing," said Lance Drummond, chair-elect of Freddie Mac's board of directors, in a press release.
"His background and three decades of experience in these and other areas make him uniquely qualified for this role," Drummond added.
Elsewhere within financial services, Swan served as executive vice president and chief financial officer at Carver Federal Savings Bank, and is also a current trustee of Parnassus Funds. His mission-driven professional background includes board membership on the Global Impact Investing Network.
Additionally, Swan held other positions in finance at Time Warner, JPMorgan Chase, Salomon Brothers and Upper Manhattan Empowerment Zone, where he was its chief investment officer.
Swan joins the Freddie Mac board, as the GSE continues to develop initiatives aimed at increasing homeownership opportunities across the nation. In October, Freddie Mac launched an online portal aimed at helping consumers
The executive comes to Freddie Mac following the recent announcement by director Alberto G. Musalem of his departure from leadership at the organization. Musalem, a former Federal Reserve official, joined the Freddie Mac board of directors in 2021. He departs after being
