Hugh R. Frater ’85

Chief Executive Officer, Fannie Mae, New York

Hugh R. Frater is the chief executive officer of Fannie Mae, after serving as the interim chief executive officer from October 2018 to March 2019. He sets the overall enterprise vision and strategic direction of the company and has served on their board since 2016.

Additionally, Mr. Frater currently acts as the non-executive chairman of the board of VEREIT, Inc. He previously led Berkadia Commercial Mortgage LLC, a national commercial real estate company providing comprehensive capital solutions and investment sales advisory and research services for multifamily and commercial properties. He served as chairman of Berkadia from April 2014 to December 2015, and he served as chief executive officer of Berkadia from 2010 to April 2014. Earlier in his career, Mr. Frater was an executive vice president at PNC Financial Services, where he led the real estate division, and was a founding partner and managing director of BlackRock, Inc.

Mr. Frater holds an MBA from Columbia Business School and a bachelor’s degree from Dartmouth College.