WASHINGTON, Jan. 12, 2015 /PRNewswire-USNewswire/ -- The Export-Import Bank of the United States (Ex-Im Bank) today announced that Michael Whalen has joined Ex-Im Bank as Vice President of Structured Finance, where he will oversee project and structured finance transactions that support thousands of American jobs each year and level the playing field for U.S. exporters.
"Michael's deep experience in both the private and public sector will allow Ex-Im Bank to better serve U.S. exporters and equip them with the tools they need to win large deals overseas that support jobs here at home," said Ex-Im Bank Chairman Fred P. Hochberg. "Michael understands today's competitive global economy and where the opportunities exist for U.S. exporters, particularly in emerging markets. We are delighted to have him join the Ex-Im Bank team."
Whalen most recently served as head of the structured finance department at the Overseas Private Investment Corporation, and prior to that as the chief financial officer of SolarReserve, a solar development company headquartered in California. Prior to those roles, Whalen established and led project finance teams at HSBC and Bank of America.
He received his MBA from the University of Texas at Austin.
ABOUT EX-IM BANK:
Ex-Im Bank is an independent federal agency that supports 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 and export credit insurance, to promote the sale of U.S. goods and services abroad. Ninety percent of its transactions directly serve American small businesses.
In fiscal year 2014, Ex-Im Bank approved $20.5 billion in total authorizations. These authorizations supported an estimated $27.5 billion in U.S. export sales, as well as approximately 164,000 American jobs in communities across the country.
SOURCE Export-Import Bank of the United States