American Capital director selected to chair Freddie Mac(3)

The selection of John Koskinen to lead the seized mortgage giant brings to three the number of private equity pros asked this month to head up troubled financial services companies.

The US government today chose John Koskinen, a director with publicly traded private equity firm American Capital, to serve as board chairman of the Federal Home Loan Mortgage Corporation, better known as Freddie Mac. 

Koskinen’s appointment marked the third time this month the US government has gone to the private equity sector to find a senior executive to head up a large, troubled company affected by the raging global credit crisis.

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