Fannie Mae recently announced Peter Akwaboah’s appointment as executive vice president and chief operating officer (COO), effective May 20, according to a press release.
Akwaboah has nearly three decades of experience from across the financial services industry and will be responsible for Fannie Mae’s chief information officer, Enterprise Operations, Business Resiliency, and Enterprise Workplace and Security functions. In this role, Akwaboah will be a member of Fannie Mae’s Management Committee and report to CEO Priscilla Almodovar.
“Peter’s many years of experience and unique combination of technology and operations expertise will add to our deep leadership bench, and his wealth of experience and industry knowledge will bring great value to the company,” Almodovar said in the release. “We look forward to the talent and experience he’ll bring to our technology and operations as we continue to respond to the needs of the market, carefully balancing innovation, risk management, and our commitment to our housing mission.”
Akwaboah is a managing director and serves as the COO for technology and the head of innovation at Morgan Stanley. In this role, he is responsible for driving the technology strategy with a focus on fueling the firm's innovation, effectiveness, and resilience.
Akwaboah also has partnered with Morgan Stanley’s businesses to build on the firm’s technology investments and delivery opportunities to enable profitability.