Mortgage Guaranty Insurance Corporation (MGIC), the principal subsidiary of MGIC Investment Corporation, has hired Stephen Mackey as chief risk officer, effective in June. Mackey will assume the role from Lawrence Pierzchalski, who is retiring.

Mackey, who has more than 30 years of experience in the financial services industry, will join MGIC from JPMorgan Chase, where he has held a number of senior leadership positions and most recently served as managing director, firmwide market risk. His diverse background includes various leadership positions with Fannie Mae, where he worked for 13 years, and managerial experience with the Office of Federal Housing Enterprise Oversight (the predecessor to the Federal Housing Finance Agency), which regulated Fannie Mae and Freddie Mac.