JPM's Susan Ehrlich Moves to H&R Block

H&R Block said Monday that it has named JPMorgan Chase & Co. executive Susan Ehrlich as president of its financial services.

Starting Nov. 21, Ehrlich will oversee strategy and several other financial service offerings, including the Emerald Card, at H&R Block Bank.

Ehrlich began working for JPMorgan Chase in the summer as senior vice president for its new mobile payment services, though the company did not announce her appointment until late September. Prior to that, Ehrlich was president of Sears Financial Services.

H&R Block in recent years has refocused its attention on traditional tax-preparation business and divested itself from its brokerage and mortgage-lending operations. Its banking unit, which has $1.2 billion of assets, offers checking, savings and other traditional products. The Kansas City, Mo.-based tax preparer said in September that it would not offer refund anticipation loans during the 2012 tax season. H&R Block also reported a net loss of $173.4 million from continuing operations for its fiscal first quarter that ended July 31.

Ehrlich has been named one of American Banker's 25 Most Powerful Women in Finance in each of the last three years.