[1]Former OneWest Bank vice chairman Brian P. Brooks is joining Fannie Mae [2] as EVP, general counsel, and corporate secretary, according to an announcement from the company.
Brooks has more than two decades of legal and business experience, also serving as chief legal officer for OneWest. In his dual roles there, he advised executive management and the board of directors on all key legal, risk, and strategic issues. He also developed and implemented strategies to manage litigation and government inquiries and led the bank's compliance with regulatory orders on mortgage servicing and foreclosures.
Prior to his tenure at OneWest, Brooks was a managing partner at O'Melveny & Myers, a global law firm, where he led an office of more than 150 attorneys and played a role in creating the banking industry's response to the recent foreclosure crisis.
"Brian has an impressive background in business and law, and is deeply credentialed in financial services and housing finance," said Timothy J. Mayopoulos, Fannie Mae's president and CEO. "Brian is an outstanding complement to our leadership team as we focus on supporting the economic recovery, improving our company, and building a sustainable housing finance system."
Brooks' appointment is effective November 10.