Fannie Mae Names Former Credit Suisse Executive to Board of Directors

WASHINGTON, Nov. 23  /PRNewswire-FirstCall/ -- Fannie Mae (NYSE:FMN) today announced that Jonathan Plutzik has been elected to the Board of Directors, where he will serve on the Compensation and Risk Policy & Capital committees.

Mr. Plutzik worked at Credit Suisse Group for 24 years, where he served in the government and public finance groups before becoming a Global Co-Head of the Financial Institutions Group at Credit Suisse First Boston. He retired as Vice Chairman of Credit Suisse First Boston in 2002.

"We look forward to Jonathan Plutzik's service to the board and to Fannie Mae," said Phil Laskawy, Chairman of the Board. "Jonathan's experience and talents are distinctly suited to advise the company. At CSFB, he managed the investment-banking activities of some of the largest financial companies in the world, and he brings extensive experience working with federal agencies, as well as state and local governments."

Plutzik earned his M.B.A. from the Wharton School at the University of Pennsylvania and his B.A. from Brandeis University.

"Adding a financial executive of Jonathan's caliber to our board makes us a stronger company," said Mike Williams, President and CEO. "I am glad to have the benefit of his counsel as the company continues its mission to provide liquidity to the mortgage market and keep people in their homes."

Fannie Mae exists to expand affordable housing and bring global capital to local communities in order to serve the U.S. housing market. Fannie Mae has a federal charter and operates in America's secondary mortgage market to enhance the liquidity of the mortgage market by providing funds to mortgage bankers and other lenders so that they may lend to home buyers. Our job is to help those who house America. 

DATASOURCE: Fannie Mae



CONTACT:  Amy Bonitatibus of Fannie Mae, [phone]



Web Site:  http://www.fanniemae.com/ 

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