WASHINGTON, March 31, 2014 /PRNewswire-USNewswire/ -- The Export-Import Bank of the United States (Ex-Im Bank) announced today that Robert F.X. Roy has been promoted to Vice President for its Transportation Division.
"Bob Roy is a tremendous asset at Ex-Im Bank and has devoted his professional career to ensuring that U.S. jobs are not put at risk due to a lack of export financing," said Ex-Im Bank Chairman and President Fred P. Hochberg. "We plan to take full advantage of his dedication, thoughtfulness and expertise to lead the group of professionals that make up the Transportation Division and continue to increase U.S. exports and support jobs here at home."
Prior to his promotion, Roy was the Deputy Vice President of the Transportation Division. In 2008 he was awarded the agency's highest honor, the Chairman's Award, for long-term excellence and professionalism. He has underwritten transactions totaling approximately $20 billion for foreign airlines and operating lessors in support of the export of U.S. manufactured aircraft and U.S. jobs. Roy has responsibility for a number of transactions that were recognized by the aviation finance industry with Deal of the Year awards.
Roy, a native of Massachusetts, began his career in public accounting. He came to Ex-Im Bank in 1990 to join what was then the United States Division, the predecessor to the Business Credit Division. In 1994, Roy volunteered to help create Ex-Im Bank's Aircraft Finance Division. As the only remaining original member of the Aircraft Finance Division, which has become today's Transportation Division, he brings 20 years of aircraft finance experience to his new role as Vice President.
Roy grew up in Paxton, Massachusetts, graduated from Worcester Academy, and then went to Bryant University in North Smithfield, R.I., where he received a Bachelor of Science degree in finance. He completed his post-graduate studies in international business at Georgetown University in Washington, D.C. Prior to moving to the Washington area to join Ex-Im Bank, Roy was a senior accountant at an accounting firm in Worcester, Massachusetts.
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