Until May 2022, Hugh R. Frater was Fannie Mae’s CEO. He set the overall enterprise vision and strategic direction of the company, guided the company through the pandemic, and was a champion of initiatives to make access to housing more equitable.
Mr. Frater served as interim CEO from October 2018 through March 2019 and served on Fannie Mae’s board since 2016.
He currently serves as advisory board chairman of Vessel Technologies, an innovative manufacturer of efficient affordable housing. Prior to leading Fannie Mae, Mr. Frater was CEO of Berkadia Commercial Mortgage LLC, a national commercial real estate company providing comprehensive capital solutions, investment sales advisory, and research services for multifamily and commercial properties. Prior to Berkadia, Mr. Frater served as COO, Managing Director and Senior Advisor at Good Energies, Inc., a venture capital firm focused on clean energy. Mr. Frater spent the bulk of his career as a founding partner and managing director of BlackRock, Inc., the world’s largest asset management firm.
Mr. Frater has an AB in English from Dartmouth College, and an MBA in Finance from the Columbia University Graduate School of Business, where he serves on the Board of Overseers.