Federal National Mortgage Association (FNMA) has released an update.
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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