Great Western Financial Corp., Chatsworth, Calif., has hired Raymond J. Walsh Jr. to fill the newly created position of senior vice president and chief credit officer.

Mr. Walsh was executive vice president and chief credit officer at California Federal Bank, Los Angeles, which he joined in 1994 from Wells Fargo & Co. At Wells he was executive vice president, real estate managed assets group.

He began his banking career in 1975 at Chase Manhattan Bank; joined Hibernia National Bank, New Orleans, in 1978; and moved to Wells in 1983.

At Great Western he reports to Carl Geuther, vice chairman and chief financial officer.

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