Sallie Mae appoints Kenneth Fischbach director of capital markets

Steven McGarry to lead fixed-income, equity investor relations

Thursday, February 24, 2011 8:08 am EST

Dateline:

RESTON, Va.

Public Company Information:

NASDAQ:
SLM
"Our capital markets and treasury activities remain a critical component of our ongoing success"

Sallie Mae (NYSE: SLM), the nation’s No. 1 financial services company specializing in education, today announced the appointment of Kenneth Fischbach as director of Capital Markets.

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 corporation’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.

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

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

Sallie Mae (NASDAQ: SLM) is the nation’s No. 1 financial services company specializing in education. Celebrating 40 years of making a difference, Sallie Mae continues to turn education dreams into reality for American families, today serving 25 million customers. With products and services that include 529 college savings plans, Upromise rewards, scholarship search and planning tools, education loans, insurance, and online banking, Sallie Mae offers solutions that help families save, plan, and pay for college. Sallie Mae also provides financial services to hundreds of college campuses as well as to federal and state governments. Learn more at SallieMae.com. Commonly known as Sallie Mae, SLM Corporation and its subsidiaries are not sponsored by or agencies of the United States of America.

Contact:

Martha Holler 302-283-4036 (media)
Patricia Nash Christel (302) 283-4076 (media)
Steven McGarry (302) 283-4074 (investors)
Joe Fisher (302) 283-4075 (investors)