Danny Ray Joins Chase as President of Education Finance.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 has hired experienced consumer lender Danny Ray Danny Ray, (born, Dan Feinstein, February 1, 1951, New York, NY) is an American tenor saxophonist, known for his "exploding sax" style, evolved from early punk rock and R&B roots. to run its Education Finance business, which provides a comprehensive portfolio of loan products and services for college students and their families across the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . Ray, who has 20 years of experience in consumer lending Consumer lending or consumer loans refers to any type of loan product that is not a mortgage; such as a car, boat, manufactured home, home equity loan, home equity line of credit, signature loan, signature line of credit, recreational vehicle, or Certificate of Deposit loans. , will manage a team of 850 sales, fulfillment and support professionals from across the country. Chase has relationships with more than 2,500 schools and universities and also provides direct-to-consumer loans as it manages $11 billion in student loans for more than 400,000 borrowers. "Danny has the experience, drive and disciplined leadership to move our education business forward," said Executive Vice President 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. , head of Consumer Lending at Chase. "He will help us become the best education lender in the country." Chase expanded its education business in March with the acquisition of Collegiate Funding Services Inc., creating a comprehensive lender dedicated to providing students and their families with the practical advice and loan solutions they need to pay for the cost of higher education. Ray has served as Chief Risk Officer for the Americas Region of Toyota Financial Services The business known as Toyota Financial Services operates in over thirty countries around the globe and is the wholly owned financial services operation of the Toyota Motor Corporation. since 2004. Before that, he spent 15 years at Bank One, a Chase predecessor, in a number of roles, including Chief Credit Officer for Retail Lending. He was responsible for risk management of the $60 billion portfolio that included real estate, education and auto loans.He also served as Operations Risk Manager for NationsBank's sub-prime real estate business. "American families have a tremendous need for student loans as fast-rising costs outpace available grants," Ray said. "Chase is committed to providing affordable financing to open doors for college students across the U.S." About Chase 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 136 million credit cards issued and serves consumers and small businesses through more than 3,000 bank branches, 8,300 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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