Tracey Webb Named OPIC’s Vice President for Structured Finance and Insurance
March 18, 2016
WASHINGTON – The board of directors of the Overseas Private Investment Corporation (OPIC), the U.S. Government’s Development Finance Institution, has approved the appointment of Tracey Webb as OPIC’s Vice President for Structured Finance and Insurance (SFI). Ms. Webb will oversee the SFI department, which is focused on providing both financing and insurance solutions for long-term investments that strengthen OPIC contributions to international development, in sectors such as power, infrastructure, and inclusive financial services.
Ms. Webb brings nearly three decades of private and public sector finance experience to the position, including over 20 years of experience at OPIC, most recently as a Managing Director of Structured Finance. Prior to OPIC, she worked to support domestic and global transactions at Peat, Marwick & Mitchell, Union Bank of California, and Bank of Austria. During her tenure at OPIC, Ms. Webb has been responsible for over $4 billion in new financing within the agency’s portfolio.
“I’m proud to welcome Tracey into this crucial leadership role at OPIC,” said Elizabeth Littlefield, OPIC’s President and CEO. “She brings real, formidable experience across the business spectrum, but most importantly, Tracey also deeply understands the crucial role OPIC plays in driving impactful investment into some of the world’s most challenging economies. I look forward to continuing OPIC’s focus on catalyzing transformative development with Tracey at the helm of SFI.”
Ms. Webb earned her M.B.A. from the University of Notre Dame, a B.A. from Indiana University, and graduated from Columbia City High School.
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OPIC is the U.S. Government’s development finance institution. It mobilizes private capital to help address critical development challenges and in doing so, advances U.S. foreign policy and national security priorities. 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, political risk insurance, and support for private equity investment funds, when commercial funding cannot be obtained elsewhere. 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.
All OPIC projects adhere to high environmental and social standards and respect human rights, including worker's rights. By mandating high standards, OPIC aims to raise the industry and regional standards of the countries where it funds projects. OPIC services are available for new and expanding business enterprises in more than 160 countries worldwide.