Freddie Mac, the US mortgage agency hit by an accounting scandal last year, has hired former FleetBoston executive Eugene McQuade as president and chief operating officer.

McQuade, who left FleetBoston earlier this year soon after its acquisition by Bank of America, is the latest senior appointment at Freddie Mac, one of the biggest borrowers in the international bond markets

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Freddie Mac hires ex-FleetBoston COO

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