PHH Corporation, an outsource provider of mortgage and vehicle fleet management services, has named Smriti Laxman Popenoe as executive vice president and chief risk officer, effective Sept. 13, 2010. In this new position, Popenoe will assume responsibility for the design and implementation of an enterprise-wide risk framework and will work with the company's business units to identify, effectively manage and mitigate credit, market and operational risks.

She will report to President and CEO, Jerry Selitto. Popenoe joins PHH from TriSim, a Washington, D.C.-based financial advisory firm, where she was a principal. Prior to joining TriSim, she spent three years with Wachovia (now Wells Fargo), as senior vice president of balance sheet management. Earlier, Popenoe spent nine years with Freddie Mac, Popenoe began her career in 1993 at Nasd/Nasdaq (now known as FINRA).