Exclusive: Freddie Mac retains McKinsey & Company to consult on capital management

 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.

McKinsey did not respond to requests for comment.

(Reporting by Pete Schroeder, Editing by Franklin Paul)

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Updated Date: Nov 08, 2019 00:06:40 IST