SAN FRANCISCO, Jan. 23 /PRNewswire-FirstCall/ -- Providian Financial
Corporation (NYSE: PVN) President and Chief Executive Officer Joseph Saunders
today announced that Jim Jones has been named Vice Chairman of Credit and
Collections. Jones, who has been serving as president of the Company's
international operations, will report to Saunders.
Prior to joining Providian in September of 2000, Jones was President of
Direct Banking and Insurance for Bank of America and was responsible for
telephone banking, interactive banking, military banking, student lending,
associate banking, and insurance. He previously served Bank of America as
Group Executive Vice President and head of Consumer Credit.
Prior to that, Jones was Executive Vice President and head of Consumer
Credit at Wells Fargo, a company he served for 14 years. He began his banking
career at Citicorp.
"Jim provides a unique blend of credit, collections and marketing
expertise that fits well as a part of the new management team I am assembling
at Providian," said Saunders.
Jim Redmond, who had been splitting his time between the management of
credit and operations, will focus his time in the credit risk management area,
reporting to Jones.
Jones will continue to manage the operations in Argentina and the
United Kingdom as the Company exits those markets.
San Francisco-based Providian Financial is a leading provider of credit
cards and deposit products to customers throughout the U.S.
SOURCE Providian Financial Corporation
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Related links:
http://www.providian.com
CONTACT:
media, Alan Elias, +1-415-278-4189, or Laurel
Munson, +1-415-278-4770, or investors, Jack Carsky,
+1-415-278-4977, or Bill Horning, +1-415-278-4602, all of
Providian Financial Corporation
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