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KENNETH BRODY SWORN IN AS EXIMBANK CHAIRMAN

 WASHINGTON, May 14 /PRNewswire/ -- Kenneth D. Brody has been sworn in as the 17th head of the Export-Import Bank of the United States after being nominated by President Clinton and confirmed by the U.S. Senate.
 Brody was a member of the Goldman Sachs investment banking firm from 1971 to 1991. He became general partner in the firm in 1978 and a member of its management committee in 1990.
 Brody was co-head of Goldman Sachs' merchant banking group, headed its real estate group and founded and headed the high technology group. He also managed two global companies for the firm.
 In selecting Brody as president and chairman of Eximbank, President Clinton said: "Having someone with Ken Brody's experience and knowledge at the helm of the Export-Import Bank will help ensure the orderly flow of trade and the promotion of American exports, vital parts of our nation's economy."
 At his confirmation hearing, Brody said that he intends to make Eximbank "a more proactive, consumer-friendly bank that services the small- and medium-size business community much more broadly," adding:
 "I view our mission simply -- to make Eximbank the most efficient and effective tool it can be for creating and preserving U.S. jobs and increasing the sale of American goods and services abroad.
 "It is my hope that my 20 years of experience in the financial arena will enable me to bring a new dimension to Eximbank activities and build upon the bank's many successes."
 Besides his broad investment banking experience, Brody also advised the government of Mexico on the privatization of its telephone system. After leaving Goldman Sachs, he became a founding partner of Petrus Partners, a private investment firm.
 A graduate of the University of Maryland, Brody holds an MBA degree from the Harvard Business School.
 The Export-Import Bank of the United States is a U.S. government agency that helps finance and promote the sale of U.S. goods and services around the world. In fiscal year 1992, the bank assisted $14 billion in U.S. exports.
 The Eximbank is headquartered in Washington, with regional offices in New York, Houston, Chicago, Miami and Los Angeles.
 -0- 5/14/93 R
 /CONTACT: Robert Buchanan of the Export-Import Bank of the United States, 202-566-8990/


CO: Export-Import Bank of the United States ST: District of Columbia IN: FIN SU: EXE PER

MH-TW -- DC012R -- 8661 05/14/93 13:22 EDT
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Date:May 14, 1993
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