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Sallie Mae Appoints Kenneth Fischbach Director of Capital Markets

^{Published on 2011-02-24 11:30:37 - Market Wire}
 

RESTON, Va.--([ BUSINESS WIRE ])--Sallie Mae (NYSE: SLM), the nationa™s No. 1 financial services company specializing in education, today announced the appointment of Kenneth Fischbach as director of Capital Markets.

"Kena™s appointment brings both continuity and expertise to the role, each of which will benefit the organization."

In this role, Mr. Fischbach will assume the capital markets responsibilities previously managed by Jonathan Clark, who was appointed chief financial officer in January. In addition, Mr. Fischbach will continue to manage the corporationa™s rating agency relationships.

Mr. Fischbach brings 29 years experience in banking and financial services leadership to his new position. Previously, he served as managing director at Residential Capital LLC, and a senior vice president at MBNA. Fischbach also plays an active role in both the American Securitization Forum and the American Financial Services Association.

aOur capital markets and treasury activities remain a critical component of our ongoing success,a said Jonathan Clark, executive vice president & CFO. aKena™s appointment brings both continuity and expertise to the role, each of which will benefit the organization.a

Steven McGarry, senior vice president, investor relations, will assume the additional responsibility for fixed income investor relations. Mr. McGarry joined the companya™s corporate finance team in 1997 and has led equity investor relations since 2003.

Sallie Mae (NYSE: SLM) is the nationa™s No. 1 financial services company specializing in education. Serving 23 million customers, Sallie Mae offers innovative savings tools, tuition payment plans and education loans that promote responsible financial habits and reward success. The company manages or services $235 billion in education loans and administers $35 billion in 529 college savings plans. Members of its Upromise college savings rewards program have earned $600 million to help pay for college. Sallie Mae is also one of the leading financial service providers for universities and governments at all levels. More information is available at [ www.SallieMae.com ]. Commonly known as Sallie Mae, SLM Corporation and its subsidiaries are not sponsored by or agencies of the United States of America.