David McKenzie Moffett (born February 22, 1952) is an American businessman and was formerly the CEO of
Freddie Mac
The Federal Home Loan Mortgage Corporation (FHLMC), commonly known as Freddie Mac, is a publicly traded, government-sponsored enterprise (GSE), headquartered in Tysons Corner, Virginia.U.S. Bancorp. He also served as senior advisor to the
Carlyle Group
The Carlyle Group is a multinational private equity, alternative asset management and financial services corporation based in the United States with $376 billion of assets under management. It specializes in private equity, real assets, and ...
, and has been a director at
eBay
eBay Inc. ( ) is an American multinational e-commerce company based in San Jose, California, that facilitates consumer-to-consumer and business-to-consumer sales through its website. eBay was founded by Pierre Omidyar in 1995 and became ...
since July 2007. On March 2, 2009, Moffett announced his resignation as CEO of Freddie Mac.
He is currently on the board of directors of
CSX
CSX Transportation , known colloquially as simply CSX, is a Class I freight railroad operating in the Eastern United States and the Canadian provinces of Ontario and Quebec. The railroad operates approximately 21,000 route miles () of track. ...
,
CIT Group
CIT Group (CIT), a subsidiary of First Citizens BancShares, is an American financial services company. It provides financing, including factoring, cash management, treasury management, mortgage loans, Small Business Administration loans, le ...
, eBay, and Columbia Funds, while serving as the lead director of
PayPal
PayPal Holdings, Inc. is an American multinational financial technology company operating an online payments system in the majority of countries that support online money transfers, and serves as an electronic alternative to traditional paper ...
. He is an advisor to
Bridgewater Associates
Bridgewater Associates is an American investment management firm founded by Ray Dalio in 1975. The firm serves institutional clients including pension funds, endowments, foundations, foreign governments, and central banks.
It utilizes a glob ...
.
Career
Moffett holds a bachelor's degree from the
University of Oklahoma
, mottoeng = "For the benefit of the Citizen and the State"
, type = Public research university
, established =
, academic_affiliations =
, endowment = $2.7billion (2021)
, pr ...
and an MBA from
Southern Methodist University
, mottoeng = "The truth will make you free"
, established =
, type = Private research university
, accreditation = SACS
, academic_affiliations =
, religious_affiliation = United Methodist Church
, president = R. Gerald Turner
, ...
. He joined Star Banc Corporation in 1993 as CFO, from
Bank of America
The Bank of America Corporation (often abbreviated BofA or BoA) is an American multinational investment bank and financial services holding company headquartered at the Bank of America Corporate Center in Charlotte, North Carolina. The bank ...
. He became CFO of Firstar Corporation when Firstar merged with Star Banc in 1998. In 2001, when Firstar merged with U.S. Bancorp and retained the U.S. Bancorp name, he became the company's Vice Chairman and CFO.
In 2007, Moffett retired from U.S. Bancorp. In September 2007, he was hired by the Carlyle Group to serve as senior advisor to their financial services group. From September 2008 to March 2009 Moffett served as CEO of Freddie Mac, receiving the job after the federal government took over the ailing company and ousted its leadership.