Freddie Mac reshuffles risk leadership as Hinduja exits, Glessner steps in

Anil Hinduja has left his role as executive vice president and chief risk officer at Freddie Mac, and the government-sponsored enterprise (GSE) has moved executive John Glessner into the position, according to a filing with the Securities and Exchange Commission (SEC).

Hinduja had served as executive vice president and chief risk officer since 2015, when Freddie Mac named him chief enterprise risk officer, reporting to then-CEO Donald Layton. He was responsible for overseeing enterprise-wide risk management — including credit, market, liquidity, operational, model and regulatory compliance risks.

Hinduja’s employment with Freddie Mac ended on Oct. 1, and the filing did not state whether Hinduja resigned or was terminated. Glessner, who previously served as executive vice president of investments and capital markets, assumed the role.

Glessner, who joined the enterprise in 2010, has held senior roles inside Freddie Mac’s capital markets business, which manages the company’s funding, hedging and securities issuance activities that support its businesses. The company noted there will be no change to Glessner’s compensation in connection with the new position.

Kevin Cheng, who was senior vice president and head of mortgage assets and risk transfer at Freddie Mac, is the GSE’s senior vice president and head of the investments and capital markets division, according to the company’s website.

Freddie Mac has been under the leadership of CEO Kenny M. Smith since December 2025, when he was selected by the board. A certified public accountant, Smith spent 27 years at Deloitte Consulting LLP, including five years as vice chairman and U.S. financial services industry leader. From 2008 to 2019, he was Deloitte’s global lead client service partner for Wells Fargo & Co.

In other recent leadership changes at the GSEs, Fannie Mae cut a group of seasoned professionals across several business lines in August 2026, marking the latest round of executive-level turnover at under Federal Housing Finance Agency Director and Fannie Mae board chairman Bill Pulte.