FOR IMMEDIATE RELEASE December 7, 2005
Marianna Ohe (202) 565-3200
WASHINGTON, D.C. --John A. McAdams has been appointed senior vice president and head of Export Finance at the Export-Import Bank of the United States (Ex-Im Bank), the Bank announced today. McAdams is the senior officer responsible for all of the Bank's short-, medium- and long-term loan guarantee and insurance programs, including Transportation, Project Finance and small business. Before assuming his current post, he served as senior vice president of Credit and Risk Management.
Kenneth M. Tinsley succeeds McAdams as senior vice president of Credit and Risk Management, the Bank announced. In that capacity Tinsley oversees risk management including credit underwriting, credit review and compliance, country risk and economic analysis, and engineering and environmental analysis.
John McAdams and Ken Tinsley bring a wealth of talent and high-level experience in both the public and private sectors to these Ex-Im Bank positions, said Ex-Im Bank Chairman (Acting) James H. Lambright. Their leadership will be crucial in widening Ex-Im Bank's reach among U.S. companies and foreign buyers in emerging markets, and ensuring the Bank continues to be responsive to customer needs in the changing global economy.
McAdams joined Ex-Im Bank from the Bank of America where he held a number of executive management positions in Washington, D.C., and Chicago, including responsibilities for trade finance, corporate banking in the Midwest and New England markets, and oversight of the Asia-Pacific region. Most recently he was president of Private Banking for the mid-Atlantic region.
Tinsley, who joined Ex-Im Bank as a loan officer in 1979, most recently was vice president of Credit Underwriting, where he was responsible on a global basis for underwriting all short- and medium-term risk, financial institution credit risk, and select long-term corporate risk for the Bank. His service in a number of Ex-Im Bank divisions has given him experience in all of the lending programs, with responsibility for such diverse markets as Latin America, the Middle East, and sub-Saharan Africa.
Ex-Im Bank this year marks its 71st year of helping finance the sale of U.S. exports, primarily to emerging markets throughout the world, by providing loan guarantees, export credit insurance, and direct loans. In fiscal year 2005 Ex-Im Bank authorized nearly $14 billion in transactions supporting almost $17.9 billion in U.S. exports. This represented 3,128 transactions, of which 2,617, or over 80%, directly benefited small businesses. For more information on the Export-Import Bank of the U.S. visit www.exim.gov.
Ex-Im Bank, the official export credit agency of the United States, is in its 71st year of helping finance the sale of U.S. exports, primarily to emerging markets throughout the world, by providing loan guarantees, export credit insurance and direct loans. In fiscal year 2005, Ex-Im Bank authorized $14 billion in transactions supporting almost $17.9 billion of U.S. exports to markets worldwide. For more information on Ex-Im Bank visit //www.exim.gov. To receive news and information directly from Ex-Im Bank via e-mail, sign up at https://public.govdelivery.com/accounts/USEXIM/subscriber/new.