Fifth Third’s CFO Joins Freddie Mac

Troubled mortgage finance giant Freddie Mac has announced that it will soon count Fifth Third Bancorp chief financial officer Ross Kari among its ranks. Kari’s transition will be complete by October 12, with Fifth Third appointing Daniel Poston, its executive vice president, as chief financial officer effective immediately.
 
Kari, who only served as Fifth Third’s CFO for less than a year, will be in charge of Freddie Mac’s accounting, financial planning, and investor relations, reporting to Freddie Mac CEO Charles Haldeman Jr. Both Fifth Third and Freddie Mac have been hit hard by the credit crisis, with Freddie Mac’s notorious collapse leading …read more