New York, NY – Chase announced today that Thasunda
Brown Duckett has been named CEO of Auto Finance, part of Chase’s
Consumer & Community Banking division. Ms. Duckett previously served
as national retail sales executive for Chase’s Mortgage Banking
division. She succeeds Marc Sheinbaum, who has asked to pursue other
opportunities.

“Thasunda has an outstanding record of success in Mortgage Banking,
and has many strengths as a leader,” said Gordon Smith, CEO of Chase
Community & Consumer Banking. “Her strategic thinking and her business
discipline make her uniquely qualified for this new role.”

Ms. Duckett’s new role also includes oversight of Chase’s Student
Lending business. Prior to serving in her role in Mortgage Banking,
Ms. Duckett led Mortgage’s East Region sales team for three years. She
previously was Channel Executive of Bank Branch Integration and
Director of Affordable Lending and Emerging Markets. She joined Chase
from Fannie Mae in 2004. Ms. Duckett has a bachelor’s degree in
Finance and Marketing from the University of Houston and an M.B.A.
from Baylor University.

Chase Auto Finance is one of the leading bank providers of auto
financing in the country. With a portfolio of more than $50 billion in
assets and relationships with more than 75 percent of all U.S.
franchised automotive dealers, Chase Auto Finance provides a broad
spectrum of products to meet the full range of credit needs of their
customers.

Chase Auto Finance purchases auto loans and leases from a national
network of automotive dealers as well as making auto loans directly to
consumers through various Chase channels. In addition, Chase Auto
Finance provides commercial loans to auto dealers throughout the U.S.
and maintains a reputation for delivering high-quality services as
well as a long-term commitment to auto dealers and the overall auto
industry.

About Chase

Chase is the U.S. consumer and commercial banking business of JPMorgan
Chase & Co. (NYSE: JPM), a leading global financial services firm with
assets of $2.3 trillion and operations in more than 60 countries.
Chase serves more than 50 million consumers and 4 million small
businesses through more than 5,500 bank branches, 17,500 ATMs, credit
cards, mortgage offices, and online and mobile banking as well as
through relationships with auto dealerships. More information about
Chase is available at www.chase.com.