NatCity Names EVP for Liquidations

James J. LeKachman has been named executive vice president of National City Corp., Cleveland, with responsibility for liquidating assets remaining from mortgage-related and other businesses exited by National City. Mr. LeKachman was most recently global risk analytics leader at GE Money, and he was previously employed by Bank One Card Services, Sapient Corp., and American Management Systems, among other companies. National City announced in January that it would exit all "broker-based" mortgage lending and shut down its wholesale unit. The company said its $20 billion in liquidating portfolios include First Franklin-linked subprime loans, broker-originated National Home Equity portfolios, construction loans formerly originated by National City Mortgage, and mortgages related to other discontinued origination channels, as well as indirect automotive and recreation finance assets. The company can be found online at http://www.nationalcity.com.