Frank Raines is a Co-Founder and the Executive Chairman of XappMedia and Bespoken two companies which specialize, respectively, in interactive conversational audio application development and testing. Mr. Raines is the retired Chairman and Chief Executive Officer of Fannie Mae, and a former Partner of Lazard Freres & Co. He has served as a director of six Fortune 100 companies. Mr. Raines also served as White House Budget Director in the Clinton Administration; earlier he served as Associate Director for Economics and Government in the White House budget office, and as Assistant Director of the White House domestic policy staff, in the Carter Administration. Mr. Raines is a graduate of Harvard College and Harvard Law School, and attended Magdalen College, Oxford, as a Rhodes Scholar.