Chairman and President of the Export-Import Bank of the United States
Fred P. Hochberg is Chairman and President of the Export-Import Bank of the United States (Ex-Im Bank) and one of the highest ranking business leaders in the Obama Administration.
Under his leadership in FY 2012, Ex-Im Bank for the fourth-straight year set export finance records in a number of key areas. Overall financing for the first time exceeded $35.7 billion and supported $50 billion in exports and approximately 255,000 export-related American jobs at more than 3,400 U.S. companies. Small business financing rose over 70 percent from $3.3 billion in FY 2008 to $6.1 billion in FY 2012. There was an increase of 16.5 percent in authorizations for minority- and woman-owned businesses.
During Hochberg's tenure, the Bank has increased its focus on customers, both foreign buyers and U.S. exporters. It is seeking new markets for U.S. goods and services in emerging economies with growing infrastructure needs, including Mexico, Brazil, Colombia, Turkey, India, Indonesia, Vietnam, Nigeria and South Africa. Hochberg has also worked to expand the global footprint of key domestic industries in which U.S. exporters have a comparative advantage. These include renewable energy, construction and farm machinery, medical technology, agriculture, and avionics. In addition, he has streamlined processes, cut transaction times and introduced innovative new financial products.