U.S. Markets open in 2 hrs 7 mins

Fannie Mae names former FDIC chair Sheila Bair to board

Former FDIC director Sheila Bair testifies before a House Financial Services Committee hearing in Washington

(Reuters) - U.S. mortgage financing agency Fannie Mae <FNMA.PK> said on Wednesday it named former Federal Deposit Insurance Corp chair Sheila Bair to its board.

The agency said Bair has been appointed to the Compensation Committee, the Nominating and Corporate Governance Committee, and the Risk Policy and Capital Committee of the board.

(Reporting by Nishara Karuvalli Pathikkal; Editing by Anil D'Silva)