The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site. Please see our Subscription Terms and Conditions.


All material subject to strictly enforced copyright laws. © 2021 Euromoney, a part of the Euromoney Institutional Investor PLC.
Capital Markets

FIG Watch: Freddie Mac moves onto the offensive

Freddie Mac’s new treasurer, Tim Bitsberger, marks a break with agency tradition in being an outsider. But he reckons his US Treasury experience can only enhance Freddie’s transparent approach to raising money and its stringent risk management standards. Bitsberger’s hope is that these will serve it well as it builds out its retained portfolio again. Kathryn Tully reports.

“The more that we consolidate our trading activity as well as our issuance, I believe firms will allocate more capital to Freddie Mac. If we just transact with people occasionally, I don’t think those firms will be so committed to our name”
Tim Bitsberger, Freddie Mac

When Tim Bitsberger started his new job at Freddie Mac’s headquarters in McLean, Virginia, it meant he would still be near his old base of Washington, DC. Before he became Freddie Mac’s new treasurer and senior vice-president of funding and investor relations in January, he was assistant secretary for financial markets at the US Treasury. In this role, he advised the undersecretary for domestic finance on such areas as federal debt management, state and local finance, financial market oversight, and regulation. Before this he worked on Wall Street for 15 years, most recently as senior vice-president of investments at Salomon Smith Barney between 1999 and 2001. He is Freddie Mac’s third treasurer in the past two years. His appointment is a change from the norm at Freddie of an internal candidate emerging. His recent background means he is well placed to guide the mortgage financer in its new regulatory and accounting environment.

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.

SUBSCRIBE ONLINE TODAY

Unlimited access to Euromoney.com and Asiamoney.com

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually

FREE 7 DAY TRIAL

Unlimited access to Euromoney.com and Asiamoney.com, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors

LOGIN NOW

Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree