The former general counsel for JPMorgan Chase & Co. has been tapped to serve as the next general counsel, executive vice president and corporate secretary for Freddie Mac.
William McDavid will take on his new role with the Federal Home Loan Mortgage Corporation starting on July 16. He replaces Alicia Myara, who has served as the interim general counsel since November 2011.
McDavid started his legal career at Debevoise & Plimpton in 1972 and later served as associate general counsel for Bankers Trust Company from 1981 to 1988. He had served as general counsel with JPMorgan since 2000. After JPMorgan's 2004 merger with BankOne, McDavid served as co-general counsel for two additional years.
"Few people have Bill's specific experience of being the general counsel of a large financial institution, and that is why he is perfectly suited to help Freddie Mac navigate an increasingly challenging and changing environment, " Freddie CEO Donald Layton said in a written statement.
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