A new mortgage chief presides at Chase.
Chase announced it appointed David Lowman as chief executive officer of the global mortgage business of JPMorgan Chase & Co.
Lowman, who had been president and CEO of CitiFinancial International since 2004, has served leadership roles at Prudential Home Mortgage and mortgage operations of Citigroup, Chase said.
"Dave has earned a reputation as a strong manager, a smart businessman and a leader," said Charlie Scharf, CEO of retail financial services. "He will add tremendous value immediately."
Chase originates $150 billion in mortgages and home equity annually, services a residential portfolio of more than $500 billion, according to the announcement. The home mortgage division serves borrowers in 44 states through 2,000 loan officers in 260 mortgage offices and 3,000 bank branches, as well as 275 representatives in call centers.