Freddie Mac named William McDavid as its new executive vice president, general counsel and corporate secretary. He was chosen to relieve Alicia Myara, who has been interim general counsel since November 2011.
McDavid’s transition into the long-term position will bring stability to the company’s management committee. He will work alongside Donald Layton, chief executive officer.
“Not many people have [McDavid’s] unique experience as the general counsel of a large financial institution, which makes him the right choice to guide Freddie Mac through a more difficult and shifting landscape,” Layton says. “His hiring also enhances our management team as we collaborate for the greater good of the nation’s housing finance system.”
Prior to McDavid’s employment with Freddie Mac, he was co-general counsel for JP Morgan Chase. Before the merger with BankOne in 2004, and its earlier business Chemical Bank, McDavid served as general counsel. His career focuses on the field of law and bank regulations in line with corporate governance.
McDavid began his career in 1972 as an associate in corporate law at Debevoise & Plimpton. From 1981 to 1988, he worked as associate general counsel for Bankers Trust Company. During that period, he spent two years in London leading its European legal division. McDavid earned an AB degree from Columbia College and a JD degree from Yale Law School. He is part of the executive committee of the Yale Law School Association and has served for many years as a trustee and as chair of the board of trustees for the French-American School of New York.