Commercial paper and credit card expert Gregg Silver, formerly of Dai-Ichi Kangyo Ltd., will join 1st Financial Funding & Investment to take the company's credit card portfolio into the public asset-backed securities market - a first for the company - as well as cultivate a potential student loan ABS program.

Silver will act as president of 1st Financial, a subsidiary of Connecticut-based 1st Financial Bank USA, and will oversee three deals he has planned for company.

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