Robert Bostrom Joins Freddie Mac as General Counsel

MCLEAN, Va., Feb. 2 /PRNewswire-FirstCall/ -- Freddie Mac (NYSE: FRE) has named Robert Bostrom executive vice president and general counsel, effective February 1. In his role as principal legal counsel to the company, Bostrom will report directly to Chairman and CEO Richard F. Syron. Bostrom will be a member of the executive leadership team and have oversight and management responsibility for all legal and regulatory strategies, services, and resources.

"Bob has outstanding credentials and is a welcome addition to our management team," Syron said. "His significant legal, corporate, financial, and managerial experience as well as his expertise in corporate governance make him a great fit for this important position. His contributions will help us move Freddie Mac forward as we continue to achieve our mission of putting more families into homes."

Bostrom's legal career spans more than 25 years and includes significant experience in the banking and financial services industries. Recently, he has represented a variety of major institutions and has expertise with corporate governance and Sarbanes-Oxley issues, director education, compliance and enterprise wide risk management programs, and internal controls at financial institutions. He is a frequent lecturer, including at Duke University's Directors' Education Institute, and has written extensively on these subjects.

Bostrom joins Freddie Mac from the Winston & Strawn LLP, where he had been managing partner of the New York office, a member of the firm's executive committee, and was head of its financial institutions practice. Bostrom originally joined Winston & Strawn in 1990 and concentrated his practice in financial institutions, regulatory work, and general corporate and finance work.

While at Winston & Strawn, he served as the senior partner on teams supporting the special counsel to the independent consultant to the audit committee of the National Association of Security Dealers (NASD) pursuant to a consent order with the Securities and Exchange Commission (SEC) in connection with the Section 21A report regarding the NASD and NASDAQ market and the independent consultant to the Bear Stearns Securities Corporation's settlement with the SEC in connection with the A.R. Baron & Co. orders. Both positions were pursuant to appointments by the SEC.

From 1992 until 1996, Bostrom served as executive vice president of Legal, Regulatory and Compliance and general counsel of National Westminster Bancorp (NatWest), a $32 billion bank holding company. At NatWest, he was the executive officer responsible for corporate governance, legal, regulatory and compliance affairs, including regulatory examinations and supervisory relationships. He was a member of the office of the chief executive, the management committee and the risk policy committee. He also served on the board of directors of NatWest Bank (Delaware) and Coutts International.

Bostrom received a B.A. with honors from Franklin & Marshall College, an M.I.A. from Columbia University, School of International Affairs, and received a J.D., cum laude, from Boston College Law School.

Freddie Mac is a stockholder-owned company established by Congress in 1970 to support homeownership and rental housing. Freddie Mac fulfills its mission by purchasing residential mortgages and mortgage-related securities, which it finances primarily by issuing mortgage-related securities and debt instruments in the capital markets. Over the years, Freddie Mac has made home possible for one in six homebuyers and nearly four million renters in America. http://www.freddiemac.com/

First Call Analyst: FCMN Contact: Shawn_Flaherty@freddiemac.com