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The Federal Housing Finance Administration revealed Monday that it plans to establish a new business entity that will be jointly owned by the two and geared toward creating a new securitization infrastructure, essentially merging certain back-office functions of the two companies.
FORBES: Fannie And Freddie Regulator Moves To Streamline Mortgage Securitization
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Mr Aziz is a former Citibank official with close connections to senior American finance and administration officials.
ECONOMIST: Rounding up al-Qaeda
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An accountant by training, he was senior vice president of finance and administration at the ad agency then known as Needham Harper Worldwide, which formed the basis of Omnicom in 1986.
FORBES: What advertising downturn?