Clayton S. Rose, professor of management practice at Harvard Business School and veteran executive in the financial services and investment industries, has been elected to serve as a director on Freddie Mac’s board.

"Clayton Rose brings to Freddie Mac’s board of directors a wealth of financial and management experience," said John A. Koskinen, Freddie Mac’s non-executive chairman. "His years of managing large and complex financial organizations, and his practical insight into the workings of global markets, are particularly valuable to our board as Freddie Mac continues to serve its vital mission of providing liquidity, stability and affordability to the nation’s housing finance system."

Rose, 52, has been a member of the faculty at Harvard Business School since July 2007. He was awarded a PhD in sociology (with distinction) from the University of Pennsylvania in 2007. Rose served as an adjunct professor at the Stern School of Business at New York University from 2002 to 2004, and at the Graduate School of Business at Columbia University from 2002 until 2006, according to a statement.

In 2001, Rose served as vice chairman and chief operating officer of JP Morgan, the investment bank of J.P. Morgan Chase & Co. Previously, he worked at J.P. Morgan & Co. Inc. from 1981 to 2000, where, among other positions, he was head of the global investment banking and the global equities divisions and served as a member of the firm’s executive committee.