David E. Poulsen was elected president of the Utah Association of Financial Services at the trade group's annual meeting Saturday at Stein Eriksen Lodge in Deer Valley.
Poulsen is president and chief executive officer of American Express Deposit Corp. (AEDC), a Utah industrial loan corporation that is a subsidiary of American Express Travel Related Services.Other association officers elected Saturday include Robert Hornbeck, American General Financial Center, chairman; Wallace M. Jensen, AT&T Universal Financial Corp., vice president; and Anthony G. Nuzzo, Fidelity Trust Co., treasurer. Irene Jorgensen remains executive vice president and secretary.
Board members who will serve on the executive committee with the new officers include: Robert D. Myrick, MountainWest Financial Corp.; Kenneth H. Petersen, GE Capital Financial Inc.; Robert P. Majka, Associates Investment Corp.; and Jerald A. Gordon, Beneficial Management Corp. of America.
For two years prior to joining AEDC in 1993, Poulsen was president and CEO of the Boston Company National Financial Corp., another subsidiary of American Express.
Poulsen joined the American Express group following 18 years with Citicorp/Citibank, where he held management positions in New York City; Manila, The Phillipines; Bangkok, Thailand; Hong Kong; Boston; and Salt Lake City.
AEDC began doing business in Utah in January 1989 and has assets of $210 million. It employs 99 people locally.
Keynote speaker at Friday's association meeting was former U.S. Sen. Jake Garn, now vice chairman of Huntsman Chemical Corp. Speaking at the Saturday session were G. Edward Leary, commissioner of the Utah Department of Financial Institutions; Rep. Bill Orton, D-Utah; Robert Carmona, regional manager, Division of Consumer Affairs, Federal Deposit Insurance Corp.; John W. Seybolt, dean of the David Eccles School of Business, University of Utah; and David R. Johnson, vice president, Salt Lake City Olympic Bid Committee.
The Utah Association of Financial Services is a trade group for lending institutions, industrial loan corporations and banks throughout the state.