August 19, 2009 (FinancialWire) — Mortgage funder Freddie Mac (NYSE: FRE) has named Bruce M. Witherell as its chief operating officer, effective September 14. He was previously the managing director and global co-head of the residential mortgage business at Morgan Stanley.

At Morgan Stanley, Witherell was responsible for the residential mortgage origination and servicing platforms, mortgage operations in the United States, England, Italy, Japan and Russia, and global trading.

In his new position, he will oversee and ensure effective integration across Freddie Mac’s three business lines — single family credit guarantee, multifamily sourcing and investments and capital markets — as well as its operations and technology division.

Before joining Morgan Stanley in 2006, Witherell spent 15 years at Lehman Brothers Holdings in a variety of senior leadership roles. From 2003 to 2006, he was chief executive officer of Lehman Brothers Bank and chief executive officer of Aurora Loan Services, which had been acquired by Lehman.

Witherell was chief administrative officer of Lehman’s Wealth & Asset Management and fixed income divisions, also serving on the executive committees of both divisions.

Prior to his career at Lehman Brothers, Witherell held management positions at the First Boston Corp. and Household Finance Corp..

McLean. Virginia-based Freddie Mac was established by congress in 1970 to provide mortgage capital to lenders.

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