Press Releases

Arrow Global Names Ged O'Neill Commercial Director

London, Aug. 22, 2007—Arrow Global, a recognized leader in receivables management and a world leader in debt purchase, today announced the appointment of Ged O'Neill to Commercial Director. O'Neill will lead Arrow Global's transactional activities and provide commercial support to the company's back office operations.

O'Neill brings a wealth of transactional expertise as well as hands-on operational knowledge to his new role. He joins Arrow Global after serving as a partner in Root Capital where he was CEO of one of Root's portfolio companies. Prior to Root Capital, O'Neill was European General Counsel of Internet Capital Group, Inc. An accomplished lawyer, O'Neill was recognized by Chambers as one of the leading mid-market corporate finance lawyers in London.

"I've known Ged for 10 years and am thrilled to have someone of his stature and experience join the team," said Zach Lewy, Chief Executive Officer, Arrow Global. "He will undoubtedly bring value to the operation for the benefit of our customers."

Arrow Global is the London-based subsidiary of Arrow Financial Services, a subsidiary of the asset management division of Sallie Mae. Arrow Global focuses on the purchase of distressed consumer receivables and has acquired in excess of $1 billion face value in the last 18 months across the UK and Continental Europe covering credit card debt, personal loans, overdrafts, auto-loans, SME debt and mortgage shortfalls.

Arrow Financial Services is a subsidiary of Sallie Mae and is a nationally recognized leader in the receivables management industry with over $17 billion in consumer debt under management. As part of Sallie Mae's Asset Performance Group, Arrow offers a full range of recovery solutions across a variety of asset classes including credit cards, student loans, utility, telecommunication, retail and automotive. Arrow's unique combination of experience, reputation and world class analytical capability sets us apart from others in our industry.

SLM Corporation (NYSE: SLM), commonly known as Sallie Mae, is the nation's leading provider of saving- and paying-for-college programs. The company manages $153 billion in education loans and serves nearly 10 million student and parent customers. Through its Upromise affiliates, the company also manages $18 billion in 529 college-savings plans, and 8 million members have joined Upromise to help save for college with rewards on purchases at nearly 70,000 places. Sallie Mae and its subsidiaries offer debt management services as well as business and technical products to a range of business clients, including higher education institutions, student loan guarantors and state and federal agencies. More information is available at www.salliemae.com. SLM Corporation and its subsidiaries are not sponsored by or agencies of the United States of America.