|By PR Newswire||
|April 11, 2014 11:00 AM EDT||
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.
SOURCE Export-Import Bank of the United States
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