Chase Names Powell CEO of Consumer Banking; Lowman to Manage All Home Lending.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 -- Chase today announced the promotion of Scott Powell Scott Powell was born in Dallas, Texas, on August 13, 1948. He was a founding member of Sha Na Na, which began at Columbia University in 1969, under the name The Kingsmen. The group's name was later changed to avoid confusion with another band of the same name. and David Lowman to larger roles in Retail Financial Services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. . Powell was named CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Consumer Banking, which includes 3,000 branches, 8,500 ATMs and the related staff and support systems. Chase created the CEO position as a result of the Consumer Bank's recent growth, which has added more than 700 locations -- including nearly 400 new builds and 339 the Bank of New York The Bank of New York, abbrieviated to BNY, was a global financial services company that existed until its merger with the Mellon Financial Corporation on July 2, 2007.[1] The bank now continues under the new name of The Bank of New York Mellon Corporation. branches -- in the last three years. Lowman, who joined Chase as CEO of Global Mortgage in November, will take on the additional responsibility of home equity and servicing and default, bringing together all Chase's consumer real estate lending businesses into one organization. Powell had managed home equity and servicing and default, as well as auto and student lending. Chase separately announced today the hiring of Marc Sheinbaum as CEO of Auto and Education Finance. Kevin Watters remains CEO of Business Banking. "Scott's strong management and leadership skills, work ethic and integrity will help make Consumer Banking even more successful," said Charlie Scharf, CEO of Retail Financial Services. "Dave has spent the last two months getting to know our business, and is already working on ways to apply his experience to take advantage of our opportunities." Powell joined Commercial Credit Company in 1988, and managed consumer risk at successors Travelers and CitiFinancial. He was director of credit risk management for Citigroup's Global Consumer Group. Powell joined Bank One in 2002 as chief risk officer for consumer businesses and became president of Retail Lending in 2003. He became chief risk officer for JPMorgan Chase's consumer businesses following the July, 2004, merger of Bank One and JPMorgan Chase. Lowman, who has worked in lending and mortgage businesses for 25 years, had been president and CEO of CitiFinancial International since 2004. He worked for 11 years at Prudential Home Mortgage, serving as CFO See Chief Financial Officer. and in key roles in mortgage operations and wholesale lending, and on re-engineering and conversion initiatives. He joined CitiMortgage in 1996 and was promoted to President and COO in 1998. In 2000, he was name Chief Servicing and Technology Officer for the Citigroup's U.S. Mortgage Business. Chase is the U.S. consumer and commercial banking brand of JPMorgan Chase & Co. (NYSE NYSE See: New York Stock Exchange :JPM JPM J. P. Morgan Chase & Co. (stock symbol) JPM Juan Pablo Montoya (formula 1 driver) JPM Jabatan Perdana Menteri (Malaysia) JPM Journal of Property Management ). Chase has 154 million credit cards issued and serves consumers and small businesses through more than 3,000 bank branches, 8,500 ATMs and 280 mortgage offices as well as through relationships with 15,600 auto dealerships and 2,500 schools and universities. It also serves more than 25,000 commercial banking clients, including corporations, municipalities, financial institutions and not-for-profit entities. More information about Chase is available at www.chase.com. |
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