Federal Housing Finance Agency (FHFA) Director Bill Pulte took to social media platform X on Monday to announce that, effective immediately, Omeed Malik is joining Fannie Mae‘s board.
“Omeed brings great capital markets, legal and investment experience as we Make Fannie and Freddie Great Again!” Pulte wrote.
This is not Malik’s first involvement with the Trump administration. In January, the New York Post reported that Donald Trump Jr. was pairing up with Malik to take online gun retailer GrabAGun public.
In November, Trump Jr. joined investment firm 1789 Capital, where Malik serves as president, and is reportedly a special adviser to the company.
Malik is also the founder and CEO of Farvahar Partners, a “boutique merchant bank and broker/dealer that invests partner capital in growth businesses and acts as a liquidity provider,” according to the company’s website.
Before founding his own firm, Malik served as managing director and global head of hedge fund advisory at Bank of America Merrill Lynch. In that role, he launched and led the emerging manager program with select hedge fund partners.
But Malik departed the company in 2018 after an internal investigation tied to an accusation of inappropriate sexual conduct.
Previously, he was a senior vice president at MF Global, helping to revamp the firm’s global distribution platform and build institutional client relationships.
Malik, who holds a doctorate from Emory Law School and a bachelor’s degree in philosophy and political science from Colgate University, began his career at Weil, Gotshal & Manges LLP, where he focused on capital markets, corporate governance and private equity. He has also worked in the U.S. Senate and House of Representatives.
