American Express Company announced that it had named Walter S. Berman as senior vice president, corporate treasurer, effective immediately. Mr. Berman currently serves as acting chief financial officer at American Express Financial Advisors , a role he will maintain on an interim basis until a replacement is named. As treasurer, Mr. Berman succeeds Kim Rosenberg, who is retiring. Mr. Rosenberg will stay with the company until the end of the month to ensure a smooth transition.
Mr. Berman worked at American Express from 1965 to 1996, holding a number of senior finance positions, including CFO of American Express Travel Related Services and treasurer of American Express. After leaving the company, he joined IBM and served as treasurer from 1999 to 2000. Mr. Berman returned to American Express in April of last year as senior vice president, finance.
As treasurer, Mr. Berman will be responsible for the company’s global treasury operations, including short- and long-term funding, asset securitization, market risk management, cash management and capital structure. He will report to the company’s executive vice president and CFO, Gary Crittenden.
Mr. Rosenberg joined American Express in 1997 from Citicorp, where he had been managing director of the Market Risk Policy Committee.
American Express Company ([http://www.americanexpress.com]), founded in 1850, is a global travel, financial and network services provider.