Sallie Mae hired Kenneth Fischbach as director of capital markets. In his new role, Fischbach will assume the capital markets responsibilities of Jonathan Clark, who was appointed chief financial officer in January and now the firm's executive vice president & CFO. Additionally, Fischbach also continue to manage the student lender's rating agency relationships.

Fischbach brings 29 years experience in banking and financial services leadership to his new position. Previously, was managing director at Residential Capital, and a senior vice president at MBNA. Fischbach also plays an active role in both the American Securitization Forum and the American Financial Services Association.

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