Freddie Mac has named Richard H. Daniel chief financial officer.
Mr. Daniel is currently executive vice president and director of financial analysis and planning at BankAmerica Corp. in San Francisco. He has held that job since 1987.
Before that, he worked at the Federal National Mortgage Association for four years, where he was instrumental in bringing the first Remic security to market in 1986.
He will join Freddie Mac, formally the Federal Home Loan Mortgage Corp., on June 30 and will be responsible for control, financial research, shareholder relations, and corporate finance.
John P. Gibbons, the company's acting chief financial officer, will now head an expanded corporate relations department at Freddie Mac.
Mr. Gibbons, who retains his title of senior vice president and assistant to the chairman, will supervise Freddie Mac's relations with government and industry, corporate communications, and its charitable foundation.
Mr. Gibbons joined Freddie Mac in 1991 as vice president of financial research. Before that, he spent six years at Merrill Lynch, specializing in mortgage finance and research.