Greg Parseghian, who stepped down as chief executive of Freddie Mac after steering the US government-sponsored mortgage lender into calmer waters following an accounting scandal, has emerged at DebtX, a commercial loan sale advisory company.

Parseghian left Freddie Mac, one of the world's biggest bond issuers in December last year, after nearly eight years. He joined as chief investment officer in 1996 responsible for the agency's $600bn retained mortgage portfolio, when he also oversaw debt issuance. Parseghian previously worked at US investment banks Salomon Brothers, now part of Citigroup, and First Boston, now part of Credit Suisse's investment banking arm.