Weekly Real Estate News
Summary
Freddie Mac ended Anil Hinduja’s employment as chief risk officer effective Oct. 1 and appointed longtime Investments and Capital Markets executive John Glessner to lead enterprise risk. The SEC filing gives no reason for Hinduja’s departure and says Glessner’s compensation did not change.
Freddie Mac has changed the executive overseeing risk across the government-sponsored enterprise, ending Anil Hinduja’s employment and moving longtime capital-markets executive John Glessner into the chief risk officer job.
Hinduja’s employment ended effective Oct. 1, according to a Form 8-K disclosed through Freddie Mac’s SEC filings. He had been executive vice president and chief risk officer. The filing does not state a reason for his departure.
Glessner assumed the titles of executive vice president and chief risk officer on the same date. Freddie Mac said his compensation did not change in connection with the appointment.
The change puts a veteran of Freddie Mac’s capital-markets operation in charge of enterprise risk at one of the two government-sponsored enterprises at the center of U.S. housing finance. Freddie Mac’s leadership page has already been updated to list Glessner as chief risk officer and says he now leads the Enterprise Risk Division and the company’s enterprise-wide risk framework.
Glessner brings more than 25 years at Freddie Mac
Before the appointment, Glessner was executive vice president and head of Investments and Capital Markets. In that role, Freddie Mac said he oversaw liquidity, financing, credit-risk transfer and derivatives, along with the company’s portfolio of single-family securities and loan investments. His responsibilities also included financial, capital and risk analytics, model governance, payments, counterparty risk and third-party risk.
Glessner has spent more than 25 years at Freddie Mac, including an earlier stint as treasurer overseeing corporate treasury, liquidity management and interest-rate hedging. He also worked in securities sales and trading and on Freddie Mac’s collateralized mortgage obligation and Cash Window desks. Outside the GSE, he held trading positions at Friedman, Billings, Ramsey Group and GMAC ResCap before returning to Freddie Mac in 2010.
The appointment therefore shifts the enterprise risk function to an executive whose recent work has been closely tied to the market, liquidity and counterparty risks that sit at the core of Freddie Mac’s mortgage-finance operations.
Hinduja led enterprise risk for more than a decade
Hinduja had served as Freddie Mac’s chief risk officer since July 2015. In a Freddie Mac account of its risk-management structure, the company said he led the Enterprise Risk Division and was responsible for its enterprise-wide risk framework and overall direction of the risk function.
Before joining Freddie Mac, Hinduja held senior risk positions at Barclays, including chief risk officer for Barclays Africa Group, and previously spent 19 years at Citigroup.
Freddie Mac’s 2025 annual report describes Enterprise Risk as the second line in the company’s three-lines risk-management model. The division designs and implements the enterprise risk and compliance program, independently challenges business divisions and reports on the company’s risk profile, significant exposures and adherence to board-approved risk appetite. The chief risk officer is part of that governance structure.
The Oct. 2 filing is limited to the executive change and Glessner’s compensation treatment. It does not describe the circumstances behind Hinduja’s exit, identify additional changes to the Enterprise Risk Division or announce a broader restructuring. Any conclusion about the reason for the change would go beyond what Freddie Mac has publicly disclosed.
