Freddie Mac has hired Gregory J. Parseghian as senior vice president for corporate finance.
Mr. Parseghian joins Freddie Mac from Salomon Brothers, where he was a managing director in charge of collateralized mortgage obligations and derivative mortgage lending.
Mr. Parseghian reports to John P. Gibbons, who was named acting chief financial officer last month after the resignation of Richard Daniel, who left to join Bankers Trust.
In a statement, Freddie Mac president David W. Glenn hailed Mr. Parseghian's "long and ground breaking experience in the mortgage securities market and his proven ability to manager risk."
At Freddie Mac, formally the Federal Home Loan Mortgage Corp., Mr. Parseghian will develop and manage strategies that are meant to maximize shareholder value, the company said. His areas of responsibility include the company's mortgage portfolio, nonmortgage investments, and debt issuance.
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In other personnel changes, Trustcorp Mortgage Co., South Bend, Ind., has named a vice president, and Morgan Stanley & Co., New York, has chosen two executives for its asset-backed securities business.
James Bartels has been named vice president in charge of the retail lending division at Trustcorp. He had been with Great Financial Mortgage, where he was retail lending manager.
At Morgan Stanley, Chip Schorin, an analyst of collateralized mortgage obligations, was named to head research of asset-backed securities, including home equity loans.
The firm has also hired an investment banker, Caroline Morrill, to a newly created post of asset-backed capital markets officer. She had been at CS First Boston.
Morgan Stanley said the hirings are part of a year-long drive to increase its presence in the asset-backed market.
