Freddie Mac Headquarters. Photo: Diego M. Radzinschi Ricardo Anzaldua Moves Up to GC at Freddie Mac
Nine months after joining Freddie Mac, Ricardo Anzaldua has been bumped up to the GC role. Former Freddie Mac GC William McDavid retired this month.
January 18, 2019 at 07:06 PM
3 minute read
Ricardo Anzaldua has been appointed general counsel of Freddie Mac, nine months after moving to the federal home loan mortgage company.
Freddie Mac announced this week that Anzaldua had taken on the GC role. He joined the McLean, Virginia-based company in May 2018 as executive vice president and senior legal adviser to CEO Donald Layton. At the time, Fannie Mae's GC William McDavid was eyeing retirement, with Anzaldua as his successor. McDavid officially retired this month.
Ricardo Anzaldua.
“In a short period of time, Ricardo has become a valuable member of Freddie Mac's executive team, providing sound advice and thoughtful counsel on many important issues affecting our company. His judgment and forward thinking will serve us well as we continue our company's transformation,” Layton said in a statement. “I'd like to again thank Bill McDavid for his many contributions to making Freddie Mac a fundamentally better company, and we wish him all the best in his retirement.”
Prior to Freddie Mac, Anzaldua served as the general counsel of MetLife Inc. for five years. He stepped down from the position in June 2017, writing in an internal email that “this is the right time for my next chapter in life.”
At MetLife, Anzaldua successfully challenged the U.S. government's designation that the company was “too big to fail.” He made the National Law Journal's list of 50 Outstanding General Counsel in 2016.
“For six years, Bill McDavid has driven the legal and regulatory strategy that helped transform Freddie Mac into a fundamentally better company. His counsel will be sorely missed,” Layton said in an April 2018 statement announcing Anzaldua's hire. “At the same time, we welcome to Freddie Mac Ricardo Anzaldua, an accomplished attorney and experienced general counsel whose experience and advice will be invaluable as we prepare for the future.”
Anzaldua served as senior vice president and associate general counsel at The Hartford Financial Services Group Inc. before joining MetLife. He started his legal career at Cleary Gottlieb Steen & Hamilton, eventually becoming partner, and earned his J.D. at Harvard Law School.
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