SOURCE: The First Marblehead Corporation

September 06, 2007 16:15 ET

First Marblehead Names Jerry M. Hamstead Senior Vice President, Capital Markets

BOSTON, MA--(Marketwire - September 6, 2007) - The First Marblehead Corporation (NYSE: FMD) today announced that Jerry M. Hamstead will join the Company as Senior Vice President, Capital Markets, effective October 2, 2007. Jerry will report to John Hupalo, Senior Executive Vice President and Chief Financial Officer.

Mr. Hamstead will have direct responsibility for leading the Capital Markets team, which manages the structuring, financing, and execution of the company's facilitation of private student loan securitization transactions.

"Jerry is regarded as an industry leader in the ABS markets and has long established relationships with ABS investors, rating agencies and the investment banking community. We are very pleased to have Jerry lead our Capital Markets efforts," said Mr. Hupalo. "Jerry's nearly 20 years of experience in the financial services industry will assist the company in taking its business to the next level."

Mr. Hamstead joins First Marblehead from Capital One Financial Corporation where he has served as Managing Vice President, Global Securitization since 2003. Prior to that, Mr. Hamstead served in a number of managerial positions with MBNA America Bank, N.A., most recently as Manager, Corporate Finance.

About The First Marblehead Corporation

First Marblehead, a leader in creating solutions for education finance, provides outsourcing services for private, non-governmental, education lending in the United States. The Company helps meet the growing demand for private education loans by providing national and regional financial institutions and educational institutions, as well as businesses and other enterprises, with an integrated suite of design, implementation and securitization services for student loan programs tailored to meet the needs of their respective customers, students, employees and members.

For more information, visit http://www.firstmarblehead.com

© 2007 First Marblehead

Contact Information

  • Contact:

    Jeff Landis
    Corporate Communications
    617.638.2277