Boston, MA 04/28/2014 (wallstreetpr) – Sallie Mae formally known as SLM Corp (NASDAQ:SLM) is one of the well known names in education loan industry. With over 30 million Americans have benefitted in last 40 years, this is a trusted, and preferred name in America. The unbiased, truthful work procedure has helped youngsters plan their college education well in advance. Not only education loan, but Sallie Mae provides support in saving and planning for the future.
Recently SLM Corp (NASDAQ:SLM) has made it clear that Steven McGarry would be the new executive vice president and chief financial officer of the holding company of Sallie Mae. This appointment will come into effect after the separation of loan management, servicing, and asset recovery business from consumer banking. As the banking industry continues to grow up, the knowledge of Steven about finance operation, his in-depth understanding of SLM Corp’s business and his diversified industry experience will surely be a booster for company’s future prospects. He is an experienced banking industry professional who has got masters degree from New York University and bachelors degree (BA) in economics from Stony Brook University.
Before getting appointed as EVP and CFO, McGarry was heading corporate finance business of SLM Corporation. His duties included taking care of various funding activities of the company as well as managing company’s relationship with fixed income and equity investors and rating agencies. He has been with the company since last 17 years. Prior to joining SLM Corp, McGarry worked with Toronto Dominion Bank in the treasury profile, in New York as well as London locations.
Banking industry is growing very fast, and there is a stiff competition going on in the market. One has to think strategically to survive in this industry; thus McGarry’s huge industry experience can be beneficial for Sallie Mae’s future. It will be great to see as how he responds in current market situation.
