Chase names consumer banking CEO |
|
|
|
Published
:
Tue, 23 Jan 2007 16:12
|
NEW YORK (AFX) - JPMorgan Chase & Co. said Tuesday it named Scott Powell as chief executive officer of its consumer banking division, a new position created to manage the company's expanded retail operation.Powell, who became chief risk officer of the consumer business after Bank One and JPMorgan Chase merged in 2004, will oversee Chase's 3,000 branches and 8,500 ATM machines.The responsibilities of David Lowman, who joined Chase as CEO of its Global Mortgage unit in November, were expanded to include overseeing home equity, servicing and defaults.Chase separately announced it hired Marc Sheinbaum, a former General Electric and American Express executive, as CEO of auto and education finance.Kevin Watters remains CEO of business banking.Shares of JPMorgan Chase were trading down 25 cents at $49.41 on the New York Stock Exchange.Copyright 2006 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
|
|
|
|
Print this Story
Anadarko CEO to lead Dallas Fed board 