SAN FRANCISCO, Aug. 16 /PRNewswire/ -- Providian Financial Corporation
(NYSE: PVN) today announced the election of David Alvarez to the position of
Vice Chairman, Global Credit and Market Management. Alvarez joins Vice
Chairmen Ellen Richey and Dave Petrini, further enhancing Providian's
leadership team. Jim Redmond, who has been managing credit and risk
operations, will now assume responsibility for all domestic credit card
operations. Redmond, who was also named to the Executive Management
Committee, will continue to chair the Company's credit committees.
Alvarez joined Providian in 1990 and has held a variety of senior
positions in credit, marketing and operations. He has been a key contributor
to establishing Providian as one of the leading credit card issuers in the
country. Alvarez holds an M.S. degree in Engineering-Economic Systems and a
B.S. degree in Mathematical and Computational Sciences from Stanford
University.
Redmond joined Providian in 1998 with over 25 years experience in consumer
credit and operations and has led the advancement of the Company's dynamic
risk operations. He is an active member of Georgetown University's Credit
Research Center and the Risk Management Association (RMA). Redmond holds a
Bachelor of Arts degree from Pace University.
About Providian Financial
Winner of the 2001 Rochester Institute of Technology/USA Today Quality Cup
for excellence in customer service, San Francisco-based Providian Financial is
a leading provider of lending and deposit products to customers throughout the
U.S., and offers credit cards and deposit products in the UK and in Argentina.
Providian Financial has been named one of America's Most Admired Companies in
a survey by Fortune magazine, one of the nation's top financial institutions
by U.S. Banker magazine, and one of the most technologically innovative
companies in the U.S. by InformationWeek magazine. The Company has more than
$36 billion in assets under management and almost 18 million customer
accounts.
Note: Investor information is available on Providian Financial's Web site
at http://www.providian.com.
SOURCE Providian Financial Corporation
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Related links:
http://www.providian.com
CONTACT:
investors, Nancy Murphy, +1-415-278-4483, or
Jack Carsky, +1-415-278-4977, or media, Alan Elias,
+1-415-278-4189, all of Providian Financial Corporation
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