Fred Hochberg

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Fred Hochberg
HochbergPhoto2.jpg
Chairman & President of the Export-Import Bank
Incumbent
Assumed office
May 27, 2009
President Barack Obama
Preceded by James Lambright
Personal details
Born 1952 (age 61–62)
Mount Vernon, New York, U.S.
Political party Democratic Party
Alma mater New York University
Columbia University
Harvard University
Website EXIM Website [1]

Fred P. Hochberg is an American businessman who has played leadership roles in government, non-profit and academic organizations. He is currently chairman and president of the Export-Import Bank of the United States, having been appointed in January 2009 and confirmed in May 2009.[2] He was a fundraiser for the campaign of Barack Obama for President and a member of the Obama transition team. He has also contributed opinion pieces and commentaries to a number of news outlets. He previously served as acting administrator of the Small Business Administration (SBA) in the Clinton Administration.[3]

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 in authorizations, including nearly $10 billion in fossil fuel projects.[4][5] The Bank worked with more than 3,400 U.S. companies, 85 percent of which were small businesses. Ex-Im financing has helped support hundreds of thousands of jobs over the last four years.

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 fossil fuel, construction and farm machinery, medical technology, agriculture, and avionics. Hochberg’s support for record-breaking levels of fossil fuel projects has led to sustained criticism from environmental organizations.[6] In addition, he has streamlined processes, cut transaction times and introduced new financial products.

Education and academic career[edit]

Hochberg received his B.A. from New York University and an MBA from Columbia before attending the executive leadership program of the Kennedy School of Government at Harvard University. He was in December 2003 appointed Dean of the Milano The New School for Management and Urban Policy,[7] a post he left in late 2008.[8]

Business career[edit]

Hochberg began his business career managing his mother's mail order business, the Lillian Vernon Corporation, which he developed over the next 20 years into a publicly traded direct marketing corporation described by Forbes as "one of the great success stories of American entrepreneurship."[3] He is listed as of 2008 as a director of Fusion Telecommunications International, Incorporated,[3]

Hochberg has been dedicated to community service and philanthropic involvement in civil rights, education and the arts. He recently sat on the boards of the Citizens' Budget Commission, FINCA International (an international lending institution) and Seedco, a company that provides financial, technical, and management support to nonprofits and small businesses in disadvantaged communities.[7] He was also, in 2008, a member of the Board of Commissioners of the Port Authority of New York and New Jersey.[9]

Political career[edit]

In 1998 Hochberg became deputy administrator of the Small Business Administration (SBA), later becoming the organization's acting administrator. He remained in the post at the SBA until January 2001, serving also on US President Bill Clinton's Management Council.[10][11]

Hochberg was a bundler of contributions for the Obama campaign; some bundlers collected $500,000 for the campaign.[12]

Hochberg was an Agency Review team leader for the SBA on then-President-elect Barack Obama's transition team.[10]

President Obama nominated Hochberg to be Chairman and President of Ex-Im Bank on April 20, 2009. The U.S. Senate confirmed his nomination by unanimous consent on May 14, 2009, for a term ending on January 20, 2013. He was sworn in on May 21, 2009.

Press reports had suggested Hochberg might be chosen as Obama's Secretary of Commerce, becoming the first openly LBGT member of the US Cabinet,[13] but ABC News reported on January 9, 2009 that Hochberg would instead be appointed chair of the Export-Import Bank, which finances the sale of US exports.[2][14] Today as head of Ex-Im Bank, Hochberg is one of the most senior openly gay members of the Obama Administration.

Personal life[edit]

Hochberg is a native of the greater New York metropolitan area. He has served as chair of the Human Rights Campaign, a prominent lesbian and gay rights group. In the April 2007 issue of Out Magazine he was ranked the 15th most powerful gay person in America.[15] He lives with his partner, the writer Tom Healy.[16]

He has also served on the boards of Playwrights Horizon and the Wolfsonian Art Museum, and on the Democratic National Committee.[7]

References[edit]

  1. ^ http://www.exim.gov/about/whoweare/leadership/boardofdirectors/fred-hochberg.cfm
  2. ^ a b "Fred Hochberg to Be Named Head of Export-Import Bank". The Advocate. 2008-01-10. Retrieved 10 January 2008. 
  3. ^ a b c "Fred P. Hochberg profile". Forbes.com. Retrieved 18 December 2008. 
  4. ^ See fossil fuel financing and emissions data in Ex-Im Bank Annual Reports from 2009-2012, available at http://www.exim.gov/about/library/reports/annualreports/
  5. ^ FACT SHEET: U.S. Export-Import Bank’s Fossil Fuel and Renewable Energy Financing, Pacific Environment, http://pacificenvironment.org/downloads/FACT%20SHEET:%20ExIm%20Bank%20fossil%20fuel%20financing.pdf
  6. ^ See Criticisms, Export-Import Bank of the United States
  7. ^ a b c "Hochberg named dean of New School's Milano School". The Villager. December 17–23, 2003. Retrieved 18 December 2008. 
  8. ^ Johnson, Chris (December 8, 2008). "Obama considers more gays for administration". Washington Blade. Retrieved 18 December 2008. [dead link]
  9. ^ "Economics and international trade team leads". change.gov. Retrieved 18 December 2008. 
  10. ^ a b Andy Birkey, Obama transition includes LGBT community. Minnesota Independent, 16 December 2008.
  11. ^ "Obama-Biden Transition: Agency Review Teams". Retrieved 18 December 2008. 
  12. ^ "Who Made the Cut at the State Dinner?", by Nadia Taha, "The Caucus" blog, The New York Times, May 20, 2010, 12:47 am. Retrieved 2010-07-13.
  13. ^ Rhee, Foon (2009-01-05). "Gay rights group advocates for commerce pick". Boston.com. Retrieved 5 January 2009. 
  14. ^ "Obama to name Hochberg chair of Export-Import Bank". GayPolitics.com. 9 January 2008. Retrieved 10 January 2008. 
  15. ^ Oxfield, Jesse, Idov, Michael (March 4, 2007), ‘Out’ Ranks the Top 50 Gays; Anderson Is No. 2, New York Magazine. Retrieved December 18, 2008.
  16. ^ Ellis, David H. (May 28 – June 3, 2004). "Healy named new leader of Downtown cultural group". Downtown Express. Retrieved 18 December 2008. 

External links[edit]

Political offices
Preceded by
James Lambright
Chairman & President of the Export-Import Bank
2009–present
Incumbent