North American Development Bank Names Conrad K. Sterrett Chief Financial Officer; Innovator in Public Finance Brings Expertise to U.S.-Mexico Development Institution.SAN ANTONIO -- The North American Development Bank The North American Development Bank (NADB) is a binational financial institution capitalized and governed equally by the United States of America and Mexico for the purpose of financing environmental projects certified by the Border Environment Cooperation Commission (BECC). (NADB NADB North American Development Bank NADB Nederlandse Algemene Danssport Bond (Netherlands Sport Dancing Association) NADB National Archaeological Database NADB NATO Ammunition Database NADB National Atmospheric Data Bank ) is pleased to announce the appointment of Conrad Keith Sterrett as its Chief Financial Officer. In this capacity, Sterrett will oversee and manage the accounting, investment, foreign exchange and financial functions of the Bank, which provides loans, grants, and technical assistance for environmental infrastructure projects in the U.S.-Mexico border region. Mr. Sterrett worked in New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of for Shearson, Hayden Stone Inc. as an officer in the corporate finance department. He then served the Virginia Housing Development Authority (VHDA VHDA Virginia Housing Development Authority VHDA very high density amorphous ice VHDA Virginia Hunting Dog Alliance VHDA Vietnam Dog Handler Association ) in various capacities, including Director of Finance. He worked to increase the net worth of VHDA from $12 million to over $1.5 billion. The Authority has assets of over $6 billion. Sterrett raised over $12 billion through the sale of tax-exempt and taxable notes and bonds in over 240 separate offerings. "Conrad Sterrett brings a wealth of knowledge in public project finance, and throughout his career has proven his ability to innovate and lead in the industry. The NADB will benefit from his experience. We are fortunate to have him join our team," stated Raul Rodriguez, NADB Managing Director. Sterrett was among the first to use many innovations which became standard in the public finance industry, including convertible option bonds (COB's), self-insured pool insurance bonds, and total-return swap transactions. Mr. Sterrett obtained a Bachelor of Arts in Economics from Rice University and a Master of Business Administration from Harvard Business School Harvard Business School, officially named the Harvard Business School: George F. Baker Foundation, and also known as HBS, is one of the graduate schools of Harvard University. . For more information on the NADB, visit www.nadb.org. The North American Development Bank, created under the auspices of NAFTA NAFTA in full North American Free Trade Agreement Trade pact signed by Canada, the U.S., and Mexico in 1992, which took effect in 1994. Inspired by the success of the European Community in reducing trade barriers among its members, NAFTA created the world's , is a financial institution established and capitalized in equal parts by the United States and Mexico for the purpose of financing environmental infrastructure projects along their common border. As a pioneer institution in its field, the Bank is working to develop integrated, sustainable and fiscally responsible projects with broad community support in a framework of close cooperation and coordination between Mexico and the United States Relations between the United States and Mexico are among the most important and complex that each nation maintains. They are shaped by a mixture of mutual interests, shared problems, and growing interdependence. . |
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