Company Continues Efforts to Prepare Sallie Mae Bank for Large
Bank Status Under Dodd-Frank Act
NEWARK, Del.--(BUSINESS WIRE)--
Sallie Mae (NASDAQ: SLM) today announced the appointment of Jeffrey Dale
as the company’s first Chief Risk Officer. Mr. Dale will work with
senior executives and other company stakeholders to build out the
enterprise risk management function and framework for the company and
its Sallie Mae Bank subsidiary.
Earlier this year, Sallie Mae, formally SLM Corporation, completed its
strategic separation and is now a standalone consumer banking business
focused on helping families save, plan and pay responsibly for college.
“I am pleased to add Jeff to the leadership team as we begin an exciting
new chapter at Sallie Mae,” said Raymond Quinlan, chairman and chief
executive officer. “Jeff’s wealth of experience across consumer risk,
including student lending, will be an asset as we continue to foster and
grow our business and strengthen our risk oversight infrastructure.”
Mr. Dale arrives from Citigroup where he most recently served as the
North American Group Risk Director responsible for consumer credit in
the United States, Puerto Rico and Canada. In this role, he engaged
broadly with various business units, other control areas, and a variety
of internal and external constituents, including regulators and
auditors. Prior to Citigroup, Mr. Dale served as Divisional Risk Officer
for UK Retail Bank at Lloyds TSB and Senior Vice President, Risk
Management, Long Term Care Insurance for Genworth Financial. Earlier in
his career, he served as Chief Credit Officer for General Electric’s
Global Consumer Finance operations in Japan.
Mr. Dale earned his bachelor’s, master’s and doctorate degrees in
agricultural economics from Oklahoma State University.
Sallie Mae (NASDAQ: SLM) is the nation’s No. 1 financial services
company specializing in education. Whether college is a long way off or
just around the corner, Sallie Mae turns education dreams into reality
for American families. With products and services that include Upromise
rewards, scholarship search and planning tools, private education loans,
insurance, and online banking, Sallie Mae offers solutions that help
families save, plan, and pay for college. 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.
Rick Castellano, 302-451-2541
Source: Sallie Mae