Sallie Mae has appointed Mark Heleen senior vice president and general counsel.

Heleen, who joined Sallie Mae in 1998, has held responsibility for all legal matters for the financing and derivative transactions of the company, including the company’s recent $3 billion equity offering, its $34 billion asset-backed commercial paper facility and its $2.5 billion unsecured senior notes issue. Most recently, Heleen has worked with federal officials on the company’s implementation of the U.S. Department of Education’s loan participation and purchase program.

Jaclyn Jaeger is a freelance contributor to Compliance Week after working for the company for 15 years. She writes on a wide variety of topics, including ethics and compliance, risk management, legal,...