WaMu Hires New Servicing Chief

Washington Mutual, Seattle, has hired J.P. Morgan Chase veteran Taj Bindra as its new executive vice president for finance and servicing operations of mortgage banking.Mr. Bindra, 42, was formerly chief financial officer and executive vice president for Chase Home Finance. He will be responsible for managing WaMu's mortgage servicing rights management, capital market activities, and servicing operations. He will be located in Seattle and report to Craig Chapman, president of WaMu's commercial and mortgage banking businesses. In his capacity as chief financial officer for the mortgage banking business, Mr. Bindra will also report to WaMu CFO Tom Casey.