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-- WITH PHOTO -- TO BUSINESS, FOREIGN, AND NATIONAL EDITORS:
Ex-Im Bank Names Annette Maresh VP for Trade Finance Division
WASHINGTON, April 11, 2014 /PRNewswire-USNewswire/ -- The
Export-Import Bank of the United States (Ex-Im Bank) today announced
that Annette Maresh has been promoted to Vice President for Trade
Finance, making permanent the role she has been filling. The Trade
Finance Division administers more than a dozen insurance and loan
guarantee products. In her new role, Maresh oversees a staff of 50 and
an annual transaction portfolio of more than $5 billion.
"Annette Maresh has excelled at managing both large and small export
transactions that support American jobs," said Ex-Im Bank Chairman and
President Fred P. Hochberg. "Her skill in keeping deals on track
means that we can handle an increasing number of applications which
result in more U.S. export sales and a healthier domestic economy."
Maresh joined the Asset Management Division of the Export-Import Bank
in 2003 and was instrumental in restructuring loans throughout the
Western Hemisphere and in Africa. In 2006, she was selected to lead
the Americas team in the Trade Finance Division. Since 2010, she
directed the division's Specialty Risk team, which concerns
initiatives for exporting medical equipment, transportation security
products, and agricultural aircraft.
Maresh is a former president of the Association of Chicago Bank
Women. Before joining Ex-Im Bank, she was a Structured Trade Finance
executive in the Chicago offices of two investment banks that focused
on export credit and supranational agency financial structures. Her
career began at The Chase Manhattan Bank, N.A., where she held various
international staff positions in the New York head office.
Ex-Im's division for Trade Finance provides lenders with export
financing loan guarantees and insurance services that enable U.S.
companies to conduct business in emerging or developing markets. The
division's scope covers sovereign risk, trade credit insurance, bank
and corporate lending programs for short-, medium- and long-term
financing. Exporters can apply for various trade financing products
after consulting Bank-affiliated export finance managers or the Ex-Im
website. Ex-Im coordinates with numerous other federal and local
trade agencies to provide accurate information and services.
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 its
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 U.S. jobs in communities across the
country. For the year, the Bank approved a record 3,413 transactions,
89 percent of them 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.
Logo - http://photos.prnewswire.com/prnh/20110414/MM83673LOGO
SOURCE Export-Import Bank of the United States
-0- 04/11/2014
/CONTACT: Steve Horning, (202) 565-3200
/Photo: http://photos.prnewswire.com/prnh/20110414/MM83673LOGO
PRN Photo Desk, photodesk@prnewswire.com
/Web Site: http://www.exim.gov
CO: Export-Import Bank of the United States
ST: District of Columbia
IN: FIN
SU: TRD PER EXE
PRN
-- DC03613 --
0000 04/11/2014 15:00:00 EDT http://www.prnewswire.com
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