FOR IMMEDIATE RELEASE April 9, 2014
Lawton King (202-565-3200)
Washington, DC - The U.S. Senate confirmed Wanda Felton for a second term as the vice chair of the Export-Import Bank of the United States (Ex-Im Bank) today. In that role, Felton also serves as first vice president of the Bank.
We are delighted to welcome Wanda back to the board of Ex-Im Bank, where she has worked tirelessly as vice chair to boost U.S. exports abroad and support jobs here at home, said Export-Import Bank Chairman and President Fred P. Hochberg. Her wealth of knowledge, and in particular her expertise on sub-Saharan Africa, are key assets that will benefit U.S. exporters as they seek to expand their reach overseas. I very much look forward to working with her again and know she will hit the ground running.
Felton has more than 20 years of investment banking and alternative investment advisory experience. Early in her career, she worked in corporate finance, serving clients in the financial services industry.
In the course of her career, Felton has worked on numerous transactions that directed capital to U.S. middle-market companies. In addition, she has led transactions that steered capital to various emerging markets, including sub-Saharan Africa, a region she oversaw while serving on the board at Ex-Im Bank.
Before her time at the Bank, Felton operated MAP Capital Advisors, a financial advisory firm. Previously, she was a managing director at Helix Associates, a director at Credit Suisse First Boston, and a managing director at Hamilton Lane Advisors. She began her career as a loan officer at Ex-Im Bank.
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 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 American jobs in communities across the country. For the year, the Bank approved a record 3,413 transactions-- or 89 percent--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.