Mildred Callear Named OPIC's Vice President for Financial and Portfolio Management
September 23, 2014
WASHINGTON – The board of directors of the Overseas Private Investment Corporation (OPIC), the U.S. Government’s Development Finance Institution, approved Mildred Callear as OPIC’s Vice President for Financial and Portfolio Management, where she will oversee efforts to maintain and ensure the progress of OPIC’s active worldwide portfolio.
Ms. Callear returns to OPIC, where she previously served as Vice President and Treasurer as well as acting President and CEO, among several other positions over 19 years at the Agency. Prior to returning to OPIC, Ms. Callear was Executive Vice President at Small Enterprise Assistance Funds, a global nonprofit manager of emerging market debt and equity funds, where since 2001 she also served as Board Member and Chief Operating Officer.
“I’m pleased to welcome Mildred back to the OPIC family,” said Elizabeth Littlefield, OPIC’s President and CEO. “Her depth of experience in the world of development finance and close relationship with our mission here will not only complement OPIC’s leadership team, but strengthen it. The evolution of our agency in producing lasting development impact hinges on the financial and social sustainability of the projects in our worldwide portfolio, and there’s no better administrator of this portfolio than Mildred Callear.”
Ms. Callear earned her J.D. from Georgetown University Law Center and a B.A. from University of Illinois.
OPIC is the U.S. Government’s development finance institution. It mobilizes private capital to help solve critical development challenges and in doing so, advances U.S. foreign policy. Because OPIC works with the U.S. private sector, it helps U.S. businesses gain footholds in emerging markets, catalyzing revenues, jobs and growth opportunities both at home and abroad. OPIC achieves its mission by providing investors with financing, guarantees, political risk insurance, and support for private equity investment funds.
Established as an agency of the U.S. Government in 1971, OPIC operates on a self-sustaining basis at no net cost to American taxpayers. OPIC services are available for new and expanding business enterprises in more than 150 countries worldwide. To date, OPIC has supported more than $200 billion of investment in over 4,000 projects, generated an estimated $76 billion in U.S. exports and supported more than 278,000 American jobs.