Herbert M. Allison Jr.


DEFINITION of 'Herbert M. Allison Jr.'

Became the president and CEO of Fannie Mae in 2008. Fannie Mae is a government sponsored enterprise that works with mortgage lenders to ensure liquidity and stability in the U.S. housing market. Before joining Fannie Mae, he was chairman, president, and CEO of TIAA-CREF. Allison Jr. began his career with Merrill Lynch and worked there for more than two decades.

BREAKING DOWN 'Herbert M. Allison Jr.'

Allison Jr. has also been a director of Time Warner, Merrill Lynch, Financial Engines, the NASDAQ, the New York Stock Exchange and several other companies. He was born in Pittsburgh in 1943, spent four years in Vietnam as a member of the U.S. Navy and earned an MBA from Stanford University.

  1. Board Of Directors - B Of D

    A group of individuals that are elected as, or elected to act ...
  2. Nasdaq

    A global electronic marketplace for buying and selling securities, ...
  3. Chairman

    An executive elected by a company's board of directors that is ...
  4. C-Suite

    A widely-used slang term used to collectively refer to a corporation's ...
  5. Fannie Mae - Federal National Mortgage ...

    A government-sponsored enterprise (GSE) that was created in 1938 ...
  6. Chief Executive Officer - CEO

    The highest ranking executive in a company whose main responsibilities ...
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