Powell to Head Chase Auto and Student Finance
CHICAGO -- JPMorgan Chase & Co. announced that Scott Powell has succeeded Norman Buchan as head of Chase Auto and Student Finance. Powell will continue as co-CEO of Home Finance with responsibility for home equity and subprime mortgages as well.
CHICAGO -- JPMorgan Chase & Co. announced that Scott Powell has succeeded Norman Buchan as head of Chase Auto and Student Finance. Powell will continue as co-CEO of Home Finance with responsibility for home equity and subprime mortgages as well.
"Scott's experience, leadership, dedication and discipline will prove invaluable as we use our people, scale and skill to compete effectively in today's difficult auto-finance environment,' said Charles Scharf, CEO of Retail Financial Services. "We also will continue to build on our position as a leading student lender."
Powell began managing auto and student lending as well as home finance at Bank One when he became head of retail lending in 2003. He had joined the company a year earlier as chief risk officer for consumer businesses. Prior to that, he was director of credit risk management for Citigroup's Global Consumer Group, after managing consumer risk for more than a decade at predecessors, including Commercial Credit Company and Travelers.
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