Sallie Mae Names Munish Pahwa Chief Risk Officer
July 20 2023 - 4:30PM
Business Wire
Sallie Mae® (Nasdaq: SLM), formally SLM Corporation, has named
Munish Pahwa Executive Vice President and Chief Risk Officer. Pahwa
will be accountable for the company’s integrated risk and
compliance function and maintaining strong relationships with
regulators. He succeeds Kerri Palmer, who was named Chief
Operational Officer and President of Sallie Mae Bank earlier this
year.
Pahwa has served as Chief Credit Risk Officer for Sallie Mae
since 2021. Prior to joining Sallie Mae, he spent nearly 16 years
at Bank of America in various risk roles. Pahwa also held roles in
Risk, Collections, Operations, and Decision Sciences at MBNA, PNC
Bank, and Bank of New York Mellon.
“Munish is a proven risk management leader who’s been
instrumental in developing and managing our risk management
framework,” said Jon Witter, CEO, Sallie Mae. “He’s served well as
our interim Chief Risk Officer for the last 6 months and I’m
confident his extensive experience and familiarity with our
business will further advance and enhance our strong risk and
compliance functions.”
Pahwa earned a bachelor’s degree in engineering from MACT,
Bhopal and an MBA from Indian Institute of Management, Calcutta. He
earned a doctorate in economics from the University of
Delaware.
He is a board member for the University of Delaware’s Center for
Economic Education & Entrepreneurship.
For more information visit www.salliemae.com.
Sallie Mae (Nasdaq: SLM) believes education and life-long
learning, in all forms, help people achieve great things. As the
leader in private student lending, we provide financing and
know-how to support access to college and offer products and
resources to help customers make new goals and experiences, beyond
college, happen. 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.
Category: Corporate and Financial
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version on businesswire.com: https://www.businesswire.com/news/home/20230720728432/en/
Rick Castellano 302.451.2541 rick.castellano@salliemae.com
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