PEBO to Name Fred Hochberg to Head Export-Import Bank

Jan 9, 2009 11:15am

ABC News has learned that President-elect Barack Obama intends to name Fred Hochberg as chair of the Export-Import Bank.

Hochberg, currently the dean of Milano The New School for Management and Urban Policy, served as deputy and then acting administrator of the Small Business Administration from 1998 through 2000 and on President Clinton’s Management Council. Before that, he served as president of Heyday Company, a private investment firm managing real estate, stock market investments, and venture capital projects.

The Export-Import Bank of the United States is the official export credit agency of the federal government, with a mission of creating U.S. jobs by financing sales of goods exported from the U.S. to international buyers.

Hochberg will be the first openly gay director of the bank, having served as a former board member and current member of the public policy committee of the Human Rights Campaign, a gay and lesbian rights organization. Originally a supporter of Sen. Hillary Clinton’s presidential campaign, raising more than $100,000 for the junior New York Senator, Hochberg became a stalwart ally of Obama’s, raising a similar amount for his new boss, should Hochberg be confirmed.

– jpt

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