Financial Services >> CEO Interviews >> January 29, 2001

John Hashman – Nextcard Inc (nxcd)

JOHN HASHMAN is President and Chief Executive Officer of NextCard, Inc. Mr. Hashman was one of the first people who recognized early on that the Internet would fundamentally change the financial services industry. He joined Chairman Jeremy Lent in 1997 as one of the company's first employees, and formed NextCard, the first issuer of Internet credit cards. With more than 15 years of experience, Mr. Hashman is a recognized pioneer and expert on the direct marketing of consumer credit through alternative channels. Mr. Hashman was an early employee at Providian Financial, which he joined in 1986, and served in a variety of senior management roles. He has spoken at numerous conferences hosted by Goldman Sachs, Donaldson, Lufkin & Jenrette, U.S. Bancorp Piper Jaffray, Bank of America Securities, Prudential Securities and others. He has also been quoted frequently in Forbes.com, American Banker and TheStreet.com. Mr. Hashman joined NextCard from Providian Financial Corporation. He was one of the first 100 employees at Providian, which is now the fifth largest credit card issuer in the United States. During his 11-year tenure at Providian, the company's assets increased from $100 million to $10 billion. While there, he held a variety of senior management roles in finance, marketing and operations. He began his career as an Accountant at BankAmerica Corporation and Pacific Bell. Mr. Hashman earned a MBA in Finance from the University of San Francisco and a BS in Accounting from Southeast Missouri University. Profile
TWST: Could you give us an overview of NextCard, Inc.?

Mr. Hashman: We are the leader in Internet-based credit card lending.

Our market right now is the US consumer credit market, which is