SEATTLE, Dec 12, 2001 (BUSINESS WIRE) -- Washington Mutual, Inc. (NYSE:WM)
today announced the hiring of Lewis E. Love, Jr. as senior vice president of
ventures & alliances in the company's corporate technology division.
In the new position, Love will focus his efforts on the development of strategic
ventures and alliances with technology companies that can help Washington Mutual
to both improve and grow business. Love's specific responsibilities will include
direction on all activities, from the due diligence process to ongoing
relationship management, relating to acquisitions & investments, outsourcing
support, joint ventures, and industry utilities.
"One of our division's primary goals is to pursue alliances and joint ventures
that can help create new revenue streams for the company," said Jerry Gross,
chief information officer at Washington Mutual. "Mr. Lewis' established track
record in banking and technology will provide us with the expertise we need to
Previously, Love was head of venture investments at Westpac Banking Corp. in
Sydney, Australia where he served as lead negotiator on many of the bank's joint
ventures, alliances and acquisitions. While at Westpac, he also served as senior
vice president of legal and compliance where he was responsible for managing all
of the bank's legal affairs in America and Europe. Love also served as general
counsel for the bank's treasury group, where he was part of a team that managed
the capital and funding activities. Love earned a jurisprudence doctorate from
New York School and a bachelor's degree in political science from State
University at Buffalo.
With a history dating back to 1889, Washington Mutual is a national financial
services company that provides a diversified line of products and services to
consumers and small- to mid-sized businesses. At Sept. 30, 2001, Washington
Mutual and its subsidiaries had consolidated assets of $223.64 billion.
Washington Mutual currently operates approximately 2,300 consumer banking,
mortgage lending, commercial banking, consumer finance and financial services
offices throughout the nation.
CONTACT: Washington Mutual
Angela Clegg, 206/461-6390
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