Sallie Mae names new chief credit officer

Sallie Mae, the US student loan company, has appointed David West as chief credit officer.

In this role, West will be responsible for credit risk management and will chair the company’s credit committee. He will be based at the company’s headquarters in Virginia.

West has over 30 years of credit and risk management experience in commercial and retail banking. Previously, he served for 11 years in senior credit and risk management positions at Bank of America and its subsidiary MBNA.

He replaces Jack Hewes, who will take up the role of chief lending officer, with responsibility for the company's loan pricing, underwriting review, collection activities and portfolio management.

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