RIVERWOODS, Ill.--(BUSINESS WIRE)--Jun. 12, 2014--
Discover Financial Services (NYSE: DFS) has announced that Walter H.
Morris, Jr. has joined the company’s Board of Directors.
Mr. Morris has served as a senior managing director of Brock Capital
Group, LLC, an advisory and investment banking firm, since 2010. He
retired from Ernst & Young LLP in 2010 where he was a principal. During
his 14-year tenure, he provided consulting and advisory services,
including fraud investigations, structured finance and real estate
finance, to large financial services clients. He also served on one of
the firm’s governance committees for a three-year term.
“Walter brings with him more than 30 years of experience and knowledge
in the financial services industry,” said David Nelms, chairman and
chief executive officer for Discover. “Walter’s strong financial
background, including his extensive experience in banking, will play a
key role as we solidify Discover as a leading direct bank and payments
partner.”
Prior to joining Ernst & Young LLP, Mr. Morris held executive leadership
positions in corporate and international banking, capital markets,
mortgage banking and real estate finance. He has served as president and
chief executive officer of a large U.S. mortgage bank and senior vice
president of a major commercial bank. In July 2010, Mr. Morris was
appointed to serve a four-year term on the Board of the Directors of the
Federal Home Loan Banks – Office of Finance and is an Audit Committee
member.
Mr. Morris serves on the Audit Committee of the company’s Board of
Directors.
About Discover
Discover Financial Services (NYSE: DFS) is a direct banking and payment
services company with one of the most recognized brands in U.S.
financial services. Since its inception in 1986, the company has become
one of the largest card issuers in the United States. The company issues
the Discover card, America's cash rewards pioneer, and offers home
loans, private student loans, personal loans, home equity loans,
checking and savings accounts, certificates of deposit and money market
accounts through its direct banking business. It operates the Discover
Network, with millions of merchant and cash access locations; PULSE, one
of the nation's leading ATM/debit networks; and Diners Club
International, a global payments network with acceptance in more than
185 countries and territories. For more information, visit www.discover.com/company.
Source: Discover Financial Services
Discover Financial Services
Investor
Contact:
Bill Franklin
Investor Relations
224-405-1902
williamfranklin@discover.com
or
Media
Contact:
Jon Drummond
Public Relations
224-405-1888
jondrummond@discover.com