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Fannie Mae Appoints Chetlur S. Ragavan to Its Board

Chetlur "Chet" S. Ragavan, Fannie Mae, Board of Directors

Fannie Mae has appointed Chetlur "Chet" S. Ragavan to its Board of Directors, and will serve on the Risk Policy and Capital Committee and Nominating and Corporate Governance Committee.

Ragavan brings decades of enterprise risk management and financial services expertise to Fannie Mae’s Board, which guides the company’s mission to facilitate equitable and sustainable access to homeownership and quality affordable rental housing across America.

“Chet is an accomplished industry executive whose significant risk oversight and financial services acumen will greatly contribute to Fannie Mae’s Board of Directors and help continue the company’s strong corporate governance and focus on risk management,” said Michael J. Heid, Chair of the Board of Directors for Fannie Mae.

Ragavan is Founder and Principal of Risk Response, LLC, which provides risk advisory and consulting services to global financial institutions. Previously, Ragavan was EVP and Chief Risk Officer of Voya Financial, Inc. (formerly known as ING U.S., Inc.) from January 2014 until his retirement in April 2019. From 2008-2014, he served as Managing Director and Chief Risk Officer for Voya Investment Management. Prior to joining Voya Financial, Ragavan was Managing Director and Co-Head of the Portfolio Analytics Group for BlackRock from 2006-2008. He began his career at Merrill Lynch in 1980, and held several senior leadership roles during his 26-year career with the company, including as Managing Director and Global Head of Fixed-Income Research of Merrill Lynch Investment Managers from 2000-2006 and as Managing Director and Head of Risk Management of Merrill Lynch Asset Management from 1992-2000.

“We’re pleased to welcome Chet to our accomplished Fannie Mae Board of Directors,” said Priscilla Almodovar, CEO of Fannie Mae. “We will benefit from his guidance and extensive risk management experience as we continue to support sustainable access to affordable mortgage credit and provide liquidity to the U.S. housing sector safely and soundly.”

Ragavan has served on the Board of Directors of CNO Financial Group, Inc. since May 2021, where he is currently Chair of the Audit and Enterprise Risk Committee, and as a member of the Investment Committee of the Board. He also serves on the Board of the Council for Economic Education. Ragavan is a Chartered Financial Analyst.

About Author: Eric C. Peck

Eric C. Peck has 20-plus years’ experience covering the mortgage industry, he most recently served as Editor-in-Chief for The Mortgage Press and National Mortgage Professional Magazine. Peck graduated from the New York Institute of Technology where he received his B.A. in Communication Arts/Media. After graduating, he began his professional career with Videography Magazine before landing in the mortgage space. Peck has edited three published books and has served as Copy Editor for Entrepreneur.com.

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