Herbert M. Allison Jr., who was named chief executive of Fannie Mae on
Sunday, brings to the job nearly three decades of experience on Wall
Street, as well as deep ties to Washington.
Mr. Allison, 63, worked for Merrill Lynch for almost 30 years, rising
to the positions of president and chief operating officer. Later, he
ran the finance committee for Senator John McCain’s 2000 presidential
campaign and became the chairman and chief executive of TIAA-Cref, the
big money management company.