Freddie Mac has named Jerry Weiss to the newly created position of chief administrative officer. Weiss will continue to serve as the company's chief compliance officer and oversee the compliance, economics and strategy, regulatory affairs and mission divisions.

In his new role, Weiss will also manage two additional functions: external relations and human resources. Weiss will continue to report directly to CEO Charles "Ed" Haldeman.

Weiss manages Freddie Mac's regulatory affairs, and he serves as the company's senior executive liaison to the Federal Housing Finance Agency and the U.S. Department of the Treasury. In 2009, Weiss gained responsibility for overseeing the company's activities related to the President's Making Home Affordable Program.

Weiss joined Freddie Mac in 2003 and has more than 25 years experience in the financial services industry. Prior to joining Freddie Mac, Weiss was global head of compliance at Merrill Lynch Investment Managers for 13 years. From 1982 to 1990, Weiss was with a national law practice in Washington, D.C., where he specialized in securities regulation, investment management and corporate finance matters.