Fannie Mae Names Former Barclays CEO and Digital Banking Technology Expert Antony Jenkins to the Board of Directors

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Jul 16, 2018, 17:00 ET

WASHINGTON, July 16, 2018 /PRNewswire/ -- Fannie Mae (OTC Bulletin Board: FNMA) today announced that Antony Jenkins has been elected to the Board of Directors. Mr. Jenkins served as Group Chief Executive Officer and as a member of the Board of Directors at Barclays PLC, one of the world's largest banks, and is a digital banking technology executive with extensive fintech expertise. He joins a dynamic, broadly experienced Fannie Mae Board that will help guide the company as it fulfills its mission to provide access to safe, affordable mortgage financing in the United States. He has been appointed to the Strategic Initiatives and Technology Committee and the Nominating and Corporate Governance Committee.

"We are very pleased to welcome Antony to the Fannie Mae Board of Directors," said Egbert L.J. Perry, Chairman of the Board. "With his leadership of one of the world's largest banks and his experience founding an important digital technology firm, he has a keen ability to identify and develop emerging technology opportunities and to bring valuable and practical insights to Fannie Mae."

"Antony is a highly respected and knowledgeable business leader. He is a great addition to our Board of Directors at a time of exciting innovation and technological opportunity in housing," said Timothy J. Mayopoulos, President and Chief Executive Officer. "Antony's broad financial services experience and strong fintech and digital technology expertise will complement the deep experience of the Board as we work to address today's affordable housing issues. We are fortunate to benefit from Antony's capabilities as we use technology to open up new mortgage and rental options for America's homeowners and renters."

Mr. Jenkins is the Founder and Executive Chair of 10x Future Technologies Limited, a company that is building a digital banking platform designed to redefine how banks operate and engage with customers. Mr. Jenkins was the Group Chief Executive Officer and a member of the Board of Directors of Barclays PLC from August 2012 to July 2015 and served as a member of the Group Executive Committee from November 2009 to July 2015. Prior to becoming Group Chief Executive Officer, Mr. Jenkins served in various other roles at Barclays, including as Chief Executive Officer for the Retail and Business Banking Division and Chief Executive Officer for Barclaycard Global Operations. Mr. Jenkins served in various roles at Citigroup Inc., including as Executive Vice President for Citibrands, Executive Vice President for U.S. Hispanic, Global and Strategic Delivery SBU, Chief Executive Officer for eConsumer, and Chief Executive Officer for c2it, Citigroup's Internet payment initiative.

Mr. Jenkins currently serves as Group Chairman of the Board of Directors of Currencies Direct Ltd. and as a member of the Board of Directors of Blockchain Luxembourg SA. Mr. Jenkins also serves as Chair for the Institute for Apprenticeships and is a member of the Financial Innovation Standing Committee of the Consultative Working Group of the European Securities and Markets Authority (ESMA). Mr. Jenkins served as a member of Fannie Mae's Digital Advisory Council from February 2017 to June 2018.

Fannie Mae helps make the 30-year fixed-rate mortgage and affordable rental housing possible for millions of Americans. We partner with lenders to create housing opportunities for families across the country. We are driving positive changes in housing finance to make the home buying process easier, while reducing costs and risk. To learn more, visit fanniemae.com and follow us on twitter.com/fanniemae.

SOURCE Fannie Mae