Littlefield Announces New OPIC Leadership Team
July 20, 2010
WASHINGTON, D.C. – Elizabeth L. Littlefield, President and CEO of the Overseas Private Investment Corporation, today announced the formation of a new leadership team for the agency, the culmination of an intensive recruitment process that drew on the best of the public and private sectors to help realize the international development goals of the Obama Administration.
“What OPIC does so successfully, and what it can do going forward, are a critical part of this Administration’s goals,” Ms. Littlefield said. “President Obama will be looking to OPIC to contribute to his foreign policy and international development agenda – that is, reaching out to other nations by investing in their prosperity.”
“I have invested a great deal of time and energy to recruit the best the market has to offer to fill the leadership positions at OPIC,” Ms. Littlefield added. “During this process, I’ve solicited ideas and opinions from OPIC staff, alumni, and partners. I am confident that each of these individuals will meet the agency’s high standards and help OPIC reach its fullest potential.”
Additional members of the executive team, as well as OPIC Executive Vice President nominee Mimi Alemayehou, who has not yet been confirmed by the full U.S. Senate, will be announced in the coming weeks.
The new OPIC executive team comprises:
Matthew Schneider, Chief of Staff
Matthew Schneider brings more than 15 years of finance and public policy experience. Most recently, Mr. Schneider was Head of Trade and Infrastructure Risk Solutions at the Royal Bank of Scotland (RBS) in London. While at RBS, he focused on structuring and marketing fixed income, currency and commodity derivatives to infrastructure, project and trade finance sponsors in Europe, Asia and the Americas. He held similar positions at Barclays Capital and Morgan Stanley, where he also covered corporate clients and leveraged finance sponsors. Prior to his work in London, Mr. Schneider served in the Clinton Administration as a Policy Advisor to the White House Deputy Chief of Staff, where he co-managed the Administration's successful effort to achieve permanent normal trade relations with China. Also in the Clinton Administration, he spent three years as an advisor on communications and legislative affairs to the Administrator of the Environmental Protection Agency. Mr. Schneider holds an M.B.A. in international finance and economics from London Business School and a B.A. in Philosophy from Boston College.
Deborah Burand, General Counsel
Deborah Burand’s first legal job was at OPIC, where she worked as a legal intern in the early 1980s. Most recently Ms. Burand was a Clinical Assistant Professor at the University of Michigan Law School, where she directed the International Transactions Clinic (ITC). The ITC, the first clinic of its kind, provides pro bono legal support to the cross-border transactions of organizations and investors, bringing business solutions to global challenges in emerging markets. Prior to that, Ms. Burand held senior management positions in the microfinance sector, senior internationally-focused legal and policy positions in the US government (US Federal Reserve Board and US Treasury Department), and at an international corporate law practice (Shearman & Sterling). Burand was one of five topic leaders for the 2009 Clinton Global Initiative. She also is a member of the Council on Foreign Relations and was an International Affairs Fellow of the Council in 1993-1994. Ms. Burand holds a B.A. cum laude from Depauw University and a J.D. and M.S.F.S. from Georgetown University.
Jay L. Koh, Chief Financial Officer
Prior to joining OPIC, Mr. Koh worked in a variety of roles in private equity and growth equity, investing in the United States and internationally. Most recently, he led private equity and illiquid investing for Europe, the Middle East and Africa (EMEA) as a Partner and the Head of EMEA Private Equity at R3 Capital, a global multi-strategy hedge fund; and was a Managing Director and the Head of EMEA Private Investment for the Global Principal Strategies Division of Lehman Brothers. Previously, Mr. Koh focused on growth investing with a particular emphasis on telecommunications and security as a Principal at The Carlyle Group in Washington, D.C. and San Francisco, where he worked for nine years. Mr. Koh also served as a law clerk to Justice David H. Souter on the United States Supreme Court and to Judge Michael Boudin on the United States Court of Appeals for the First Circuit. Mr. Koh earned a J.D. from Yale Law School, where he was a Notes Editor on the Yale Law Journal. Mr. Koh also read a Masters in Management from Oxford University, focusing on international management. He received an A.B. in Economics magna cum laude from Harvard College.
John Morton, Vice President for Investment Policy
Prior to joining OPIC, John Morton was Managing Director of the Pew Economic Policy Group at The Pew Charitable Trusts. The Economic Policy Group develops and promotes solutions to complex economic issues and identifies strategic opportunities to educate and engage the public and policy makers alike. Prior to joining Pew, Mr. Morton served as director of National Security Policy for the John Kerry presidential campaign, where he coordinated the development of policy concerning Afghanistan, Russia and the former Soviet states, Africa, and on issues relating to democracy, human rights and economic development. Previously, Mr. Morton was investment officer with Global Environment Fund, where he oversaw global investments in sustainable forestry and the natural gas sector and developed the firm’s clean-energy practice. Mr. Morton also worked as a strategy consultant with Mercer Management Consulting. He began his professional career at the World Bank, where he managed investments in the former Soviet Union. Mr. Morton received an M.B.A. from the Wharton School at the University of Pennsylvania and an M.A. in International Economics from the Johns Hopkins School for Advanced International Studies. He graduated from Harvard College with a B.A. in Russian History and Literature. Mr. Morton serves on the board of directors and executive committee of the National Security Network, and on the board of directors of the Clean Energy Network. He is a fellow of the Aspen Institute’s Catto environmental leaders program and the U.S.–Japan Leadership Program.
Jacqueline Strasser, Deputy Chief of Staff
Prior to joining OPIC over a year ago, Jacqueline Strasser spent eight years at the Office of Management and Budget (OMB), leading the White House oversight of the budget, policy, programs, and management of the U.S. Export-Import Bank, OPIC, the Millennium Challenge Corporation, and various programs within the US Agency for International Development (USAID) and the Department of State. In 2004, she served as the Economic Advisor to the Interim Iraqi Deputy Prime Minister, Dr. Barham Salih, and the Ministry of Finance in Baghdad, Iraq. While in Baghdad, Ms. Strasser helped develop and implement the Iraqi national budget and helped create a national investment strategy for the country. Prior to OMB, Ms. Strasser worked as an associate for an internet trade finance company in New York City, where she designed and managed an asset management and auction platform. She has worked at the African Development Bank, Technoserve, the Council on Foreign Relations, and Saatchi & Saatchi Advertising. She served as a Vice-Chair of the U.S. Committee for Refugees and Immigrants (USCRI) and is a Term Member of the Council on Foreign Relations. Ms. Strasser holds an M.I.A. in finance and economic development from Columbia University's School of International and Public Affairs and a B.A. in Political Science from Colgate University.
John Moran, Managing Director Investment Development and Coordination
Prior to assuming his new role at OPIC, John Moran was the agency’s Director of Investment Development for Central and Eastern Europe, and served as OPIC’s regional representative for Southeast Europe, based in Zagreb from 2000 to 2003. Her also served in OPIC’s Insurance Department as a Director and as an Investment Manager. Before joining OPIC, Mr. Moran was the U.S. Treasury Department’s Deputy Director for the Office for Central and Southeastern Europe, working on issues relating to the Balkans. He earlier served with USAID as its Director of Credit and Investment (1996-1998), and as its Senior Counselor on Investment Funds in Europe and the New Independent States (1993-1996). Prior to joining the U.S. Government, Mr. Moran was in private law practice from 1987-1993 with the Washington, D.C. law firm of Duncan & Allen, where he worked in the firm’s domestic energy and international trade and investment practices focusing on emerging markets and the international energy sector. He has a B.A. from the University of Michigan (Political Economy, 1982) and holds law degrees from the University of Notre Dame (J.D., 1986) and the George Washington University (LL.M., 1992).