Freddie Mac on Thursday named Donald Layton, who previously held executive positions at E*Trade and Chase, its CEO.
He will succeed Charles “Ed” Haldeman Jr., who said in October of last year he would be leaving the post.
Layton, 62, most recently was chairman and CEO of E*Trade Financial but the bulk of his career was at Chase, where he worked for almost 30 years before leaving the company in 2004.
Between 2002 and 2004 Layton was responsible for Chase’s financial services unit, including its mortgage unit, which was the fourth largest in the business at the time.
Prior to Chase’s merger with JPMorgan he was responsible for global capital markets and trading activities, including fixed income.
Earlier this week, Freddie’s senior vice president Paul Mullings told the Mortgage Bankers Association’s National Secondary Market Conference that the government-sponsored enterprise was on the verge of naming a new CEO.