Skip to main content

Freddie Mac names Subha V. Barry SVP, chief diversity officer

NationalMortgageProfessional.com
Aug 31, 2010

Freddie Mac has named Subha V. Barry to the position of chief diversity officer (CDO). In this position, Barry will lead the company's newly formed Office of Diversity and Inclusion, with overall responsibility for the combined functions of Diversity and Inclusion and Supplier Diversity. She will be responsible for developing business strategies focused on the needs of a diverse workforce, working closely with other members of Freddie Mac's senior management team to ensure the company is effectively utilizing diverse talent (both within its employee base and its suppliers), enhance the annual diversity planning process and manage performance against the company's diversity plans. Barry will also design and launch the new Executive Diversity Council. She will report directly to Chief Executive Officer Charles E. "Ed" Haldeman Jr., with whom she will jointly lead the Executive Diversity Council, and will be a member of Freddie Mac's management committee. In addition, Barry will work with Freddie Mac's business units to ensure the maximization of opportunities in diverse market segments. "Creating the Office of Diversity and Inclusion and having someone of Subha's talent and experience in this new executive position is a critical step in Freddie Mac's forward progress," said Haldeman. "As a company devoted to creating housing opportunities for individuals and families from all backgrounds and walks of life, it's essential that Freddie Mac – through our employee base and network of suppliers—reflect the many varied communities whom we serve and from which we recruit our employees." Barry joins Freddie Mac from Merrill Lynch & Company Inc., where she most recently served as managing director, global head of Diversity & Inclusion. In that role, she was responsible for the development and implementation of the company's diversity and inclusion strategy, successfully aligning Merrill Lynch's U.S.-centric diversity and inclusion efforts with its global business operations. Prior to assuming that position in 2005, Barry served as managing director, Multicultural and Diversified Business Development, a position in which she created Merrill Lynch's business development initiative designed to target multicultural communities in the U.S. and U.K. She previously served as first vice president of investments & resident director, managing an office of financial advisors and providing financial advice, planning, analysis and investment management to families and institutions. She joined Merrill Lynch in 1989. Barry holds a BA in accounting, mathematics and economics from Bombay University and an MBA and Master of Accounting, from Rice University. For more information, visit www.freddiemac.com.
Published
Aug 31, 2010
Equifax Confirms Credit Report Hike

Costs could go up as much as 400% in some cases, according to NCRA.

Industry News
Nov 29, 2022
‘Massive’ Increase In Credit Report Cost Coming In 2023

NCRA says a 'vast majority' of mortgage lenders will incur price increases ranging from 10% to 400%.

Industry News
Nov 28, 2022
Homepoint Offering $500 Credit To Borrowers For Appraisals

Savings intended to help ‘on-the-fence’ homebuyers feel more comfortable buying a home.

Industry News
Nov 28, 2022
Creativity Found In The Oddest Place

Flagstar’s MortgageTech Accelerator program has its roots in Major League Baseball

Industry News
Nov 21, 2022
UWM Expands Temporary Rate Buydown Offerings

In a rising rate environment, this temporary rate buydown will be an attractive option for borrowers.

Industry News
Nov 16, 2022
Down Payment Assistance Facilitator Arrive Home Launched

Social enterprise

Industry News
Nov 15, 2022