Exclusive: Freddie Mac retains McKinsey & Company to consult on capital management
By Michelle Price and Pete Schroeder WASHINGTON (Reuters) - Housing giant Freddie Mac has hired management consultants McKinsey & Company to advise the firm on capital management ahead of a potential exit from government control, a spokesman said Thursday. 'After a competitive...process, Freddie Mac retained McKinsey to conduct a gap assessment of our capital management capabilities and develop a roadmap to address any issues. This four-month engagement will begin in December,' said a Freddie Mac spokesman in a statement to Reuters.
By Michelle Price and Pete Schroeder
WASHINGTON (Reuters) - Housing giant Freddie Mac has hired management consultants McKinsey & Company to advise the firm on capital management ahead of a potential exit from government control, a spokesman said Thursday.
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"After a competitive...process, Freddie Mac retained McKinsey to conduct a gap assessment of our capital management capabilities and develop a roadmap to address any issues. This four-month engagement will begin in December," said a Freddie Mac spokesman in a statement to Reuters.
McKinsey did not respond to requests for comment.
(Reporting by Pete Schroeder, Editing by Franklin Paul)
This story has not been edited by Firstpost staff and is generated by auto-feed.
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