WASHINGTON, March 31, 2014 /PRNewswire-USNewswire/ -- The Export-Import Bank of the United States (Ex-Im Bank) announced today that Robert (Bob) Morin has been named the new Senior Vice President for Business and Product Development.
"Bob Morin is one of the most knowledgeable, well-known and respected professionals within the aircraft finance industry," said Ex-Im Bank Chairman and President Fred P. Hochberg. "We are excited to capitalize upon his extraordinary talents to develop relationships, find opportunities, and design and implement products that will enable Ex-Im Bank to support even more U.S. jobs through exports."
Bob Morin was instrumental in the design, development and successful implementation of many of Ex-Im Bank's most successful product and process innovations. These include the Ex-Im Bank Guaranteed Bond program, which has enabled Ex-Im Bank to continue to support U.S. jobs by accessing new sources of funding under its guaranteed financing program, and the "Qualified Advisor" program, which has contributed to the successful achievement, one year early, of Ex-Im Bank's goal of providing at least $1 billion of financing to support the export of business aircraft and helicopters between 2012 and 2014.
Morin joined the Bank in December 1992 as aviation counsel and was named Vice President of the Aircraft Finance Division, the predecessor to the Transportation Division, in 1998. Since Morin joined Ex-Im Bank, the Bank has supported over 600,000 aviation manufacturing-related jobs by providing over $100 billion of export financing in connection with the export of more than 2,000 commercial aircraft, business aircraft and helicopters.
Prior to joining Ex-Im Bank, Morin was in private legal practice in New York, where he represented banks and other financial institutions. Morin has degrees from the Columbia School of Law and the Wharton School of Business and is a certified public accountant.
ABOUT EX-IM BANK:
Ex-Im Bank is an independent federal agency that creates and maintains U.S. jobs by filling gaps in private export financing at no cost to American taxpayers. The Bank provides a variety of financing mechanisms, including working-capital guarantees, export-credit insurance and financing to help foreign buyers purchase U.S. goods and services. In the past fiscal year alone, Ex-Im Bank earned for U.S. taxpayers more than $1 billion above the cost of operations.
In FY 2013, Ex-Im Bank approved more than $27 billion in total authorizations to support an estimated $37.4 billion in U.S. export sales and approximately 205,000 American jobs in communities across the country. For the year, the Bank approved a record 3,413 transactions-- or 89 percent--for small-businesses. Small business exporters can learn about how Ex-Im Bank products can help them increase foreign sales at http://go.usa.gov/ZVTd. For other information about Ex-Im, visit www.exim.gov.
SOURCE Export-Import Bank of the United States