SEATTLE--(BUSINESS WIRE)--April 28, 2003--Washington Mutual, Inc.
(NYSE:WM) today announced the appointment of 17-year veteran of the
Deutsche Bank group Michelle McCarthy, 37, as a Senior Vice President
and its Market Risk Manager.
In this newly created position, McCarthy will have market risk
oversight responsibility for Washington Mutual's interest rate risk
management and capital markets activities. She will work with
financial executives to enhance and expand market risk management
policies, procedures, analytics, measures, and risk limits and
She will report to Bill Longbrake, the company's Vice Chair,
Enterprise Risk Management, and will be located in Seattle.
"Michelle's comprehensive knowledge of investment issues related
to risk management and her broad experience with financial
instruments, banking products and capital markets make her a great
addition as we continue to build and enhance our Enterprise Risk
Management Team," Longbrake said.
For the past year, McCarthy was a managing director in Global
Equities Prime Services for Deutsche Bank Securities, Inc., based in
San Francisco where she was responsible for sales and relationship
management for Deutsche Bank's western U.S. hedge fund customers.
Before this she headed Deutsche Bank's db RiskOffice risk measurement
McCarthy came to Deutsche Bank through its 1999 acquisition of
Bankers Trust. She held a variety of positions after joining Bankers
Trust in 1986, including head of risk management for the global asset
management division in New York, head of European risk management for
the bank's internal risk management group in London, and marketing and
trading interest rate, equity and currency derivatives in New York,
London and Paris.
McCarthy holds a master's degree from Harvard University and a
bachelor's degree from the University of Washington, Seattle.
With a history dating back to 1889, Washington Mutual is a
retailer of consumer financial services that provides a diversified
line of products and services to consumers and small- to mid-sized
businesses. At March 31, 2003, Washington Mutual and its subsidiaries
had assets of $276.97 billion. Washington Mutual currently operates
more than 2,500 consumer banking, mortgage lending, commercial
banking, consumer finance and financial services offices throughout
the nation. Washington Mutual's press releases are available at
CONTACT: Washington Mutual, Inc.
Alan Gulick, 206/377-3637
JoAnn DeGrande, 206/461-3186
firstname.lastname@example.org Ruthanne King, 206/461-6421
SOURCE: Washington Mutual, Inc.