DSNews The homepage of the servicing industry
Freddie Mac today announced that Alberto G. Musalem has, as of June 17, joined its Board of Directors.
Musalem is CEO, Co-Chief investment officer, and a founder of Evince Asset Management LP, a company developing portfolio technologies for investors and managing a quantitative global fund.
"Mr. Musalem brings significant finance, capital markets, economics, and public policy expertise to our Board," said Sara Mathew, Non-Executive Chair of Freddie Mac’s Board of Directors. "We welcome him as a highly qualified new member whose decades of experience position him to play an important role on our Risk committee and our Compensation and Human Capital Committee.”
Before founding Evince Asset Management, Musalem served as EVP at the Federal Reserve Bank of New York from 2014 to 2016, as head of the Integrated Policy Analysis Group and of the Emerging Markets and International Affairs Group. Prior to that, he held various positions at Tudor Investment Corporation from 2000 to 2013, including Managing Director, Partner, and global head of research. He previously served as an economist at the International Monetary Fund from 1996 to 2000. He holds a Ph.D. in economics from the University of Pennsylvania.
Freddie Mac was chartered by Congress in 1970 to support the U.S. housing finance system and to help ensure a reliable and affordable supply of mortgage funds across the country. Rather than lending directly to borrowers, Freddie Mac operates in the U.S. secondary mortgage market, buying loans that meet its standards from approved lenders. Those lenders are then, in turn, able to provide more loans to qualified borrowers and keep capital flowing into the housing market. Freddie Mac then pools the mortgages it buys into securities, which they sell to investors around the world.
