Sallie Mae has appointed John “Jack” Hewes as executive vice president and chief credit officer to oversee the company’s private student loan underwriting policies and its credit risk management.


Hewes joins Sallie Mae from a 22-year career at MBNA, the world’s largest credit card issuer, where he led the business lending and consumer finance divisions.


“This is a critical role for the company. We enthusiastically add Jack to our executive management team,” said Albert Lord, CEO. “Asset quality is key to our success, and Jack has the experience to ensure we grow through sound, profitable lending practices.”


In addition to Hewes, Sallie Mae has also recruited Credit Suisse’s Jonathan Clark, who will serve as senior vice president of corporate finance.


Clark will lead the company’s unsecured debt issuance and treasury operations.


“Jon brings extensive knowledge of our industry and direct experience in student loan financing,” said Jack Remondi, vice chairman and CFO. “I am pleased to welcome him to our team.”

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