American Express Company Names New Treasurer.NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- American Express American Express (NYSE: AXP), sometimes known as "AmEx" or "Amex", is a diversified global financial services company, headquartered in New York City. The company is best known for its credit card, charge card and traveler's cheque businesses. Company today announced that it has named David Yowan as senior vice president, corporate treasurer. This change will become effective July 17th, 2006. As treasurer, Mr. Yowan succeeds Paul H. Hough n. 1. Same as Hock, a joint. v. t. 1. Same as Hock, to hamstring. [ imp. & p. p. os> r>; p. pr. & vb. n. os> n. 1. An adz; a hoe. v. t. 1. To cut with a hoe. , who now assumes the role of senior vice president, Service Network Partners, Consumer, Small Business and Merchant Services. Mr. Yowan joined American Express in 1999. Most recently, he was the senior vice president of Treasury Strategy, assistant treasurer of American Express Company, and treasurer of Travel Related Services. As corporate treasurer, Mr. Yowan will be responsible for management of capital resources at American Express, the management of short- and long-term funding, asset securitization Securitization The process of creating a financial instrument by combining other financial assets and then marketing them to investors. Notes: Mortgage backed securities are a perfect example of securitization. May also be spelled as "securitisation. , market risk and overall cash management. Prior to joining American Express, Mr. Yowan was senior vice president, portfolio and risk management, for the global consumer banking business of Citigroup. Earlier in his career, he was senior financial analyst with the Ayco Corporation, then a subsidiary of American Express. Mr. Yowan holds a Master of Management degree from the Kellogg School of Northwestern University and a Bachelor of Arts degree in economics from the College of William and Mary Noun 1. William and Mary - joint monarchs of England; William III and Mary II . American Express Company (www.americanexpress.com) is a leading global payments, network and travel company founded in 1850. |
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