J.P. Morgan Chase & Co. announced Monday that Gene Ryzewicz will assume the management of the JPMorgan Chase Commercial Card Group. In this role, Gene will continue to enhance JPMorgan Chase’s position in one of the fastest growing segments of the payment systems industry.
Ryzewicz has most recently served as the Business Executive for the International Consumer Business at Chase. In addition, he has held senior marketing positions over a span of 15 years at Chase, Chemical and Citibank. At Citibank, he started the Commercial Card business and ran Diners Club Corporate Card business.
“To compete in this high-growth industry, we are emphasizing the importance of providing our premier client base with innovative products, best-in-class technology and unsurpassed customer service, as well as robust e-procurement solutions for their business-to-business purchases,” said Richard Srednicki, Chase Executive Vice President in charge of its credit card business. “We will leverage Gene Ryzewicz’s leadership skills and broad range of experience in the credit card industry to proactively serve the needs of our commercial card customers and continue to build momentum for the business.”
The JPMorgan Chase Commercial Card Group offers customized MasterCard and Visa Purchasing Card, Corporate T&E and Fleet Card, and integrated functionality One Card programs. The commercial card offerings are issued by Chase Manhattan Bank USA, N.A. Chase’s credit card portfolio has more than 20 million accounts and over $37 billion in outstandings. Chase is the fourth largest bank card issuer in the United States, and its joint venture with First Data Corporation makes it the largest merchant processor in the U.S.
J.P. Morgan Chase & Co. (NYSE: JPM, www.jpmorganchase.com) is a premier global financial services firm with assets in excess of $714 billion and operations in more than 50 countries. The firm is a leader in investment banking, asset management, private equity, custody and cash management services, retail and middle market financial services and e-finance. Headquartered in New York, JPMorgan Chase serves over 30 million consumer customers and the world’s most prominent corporate, institutional, and government clients.Details