Investment group Fortress is expected to approve the appointment of Daniel Mudd, the former chief executive of Fannie Mae, as chief executive. Mr Mudd will replace Wes Edens as the company, with $27bn under management, aggressively pursues a strategy to buy banks and other financial institutions. Fortress recently contemplated turning itself into a bank holding company.

This entry was posted by Paul Murphy on Monday, July 20th, 2009 at 5:44 and is filed under Private equity. Tagged with daniel mudd, fortress, Wes Edens. Edit this entry.