Chase Home Finance Names Co-CEOs

Thomas Wind and Scott Powell have been promoted to the positions of co-chief executive officers of JPMorgan Chase & Co.'s home finance business.Mr. Wind, who has been head of capital markets at Chase Home Finance, now has responsibility for the company's prime mortgage business. Before joining the company last year, he was chief financial officer at Nexstar Financial, and he was previously CFO and then president of CitiMortgage. Mr. Powell, who has held the post of chief credit officer for Chase's consumer businesses, is now responsible for home equity and subprime mortgage loans and community development. He joined Bank One in 2002 as chief risk officer for consumer businesses, became president of retail lending in 2003, and then became chief risk officer for JPMorgan Chase's consumer businesses last year after the merger of Bank One and JPMorgan Chase. In addition, the company announced that Thomas Garvey has been named vice chairman of Chase Home Finance. Mr. Garvey, who has been an executive vice president, will focus on prime mortgage production. The parent company can be found online at http://www.jpmorganchase.com.