David Bohigian Confirmed as Executive Vice President of OPIC
August 4, 2017
WASHINGTON, DC – David Bohigian was confirmed by the U.S. Senate as the Executive Vice President of the Overseas Private Investment Corporation (OPIC), a self-sustaining U.S. Government agency that helps American businesses expand into developing markets.
Nominated for the OPIC Executive Vice President position by President Donald J. Trump on June 5, 2017, Mr. Bohigian was approved by the Senate Foreign Relations Committee on July 27, 2017 and by the full United States Senate on August 3, 2017.
“I have helped manage some of the world’s most innovative financial services firms in a career that has spanned venture capital, private equity, hedge funds, and investment banking. Across these disciplines, I have learned to turn concepts into companies, analyze business prospects, structure projects, develop global supply chains, and evaluate microeconomic and macroeconomic developments. I believe these experiences have prepared me well to help guide the important work ahead,” Mr. Bohigian said in his nomination statement to the Senate Foreign Relations Committee on July 11, 2017.
“American businesses investing in emerging markets provide opportunities for workers in the United States and generate tangible benefits for the local communities. Throughout my career, I have worked with American companies and foreign governments to develop a business climate that lifts social and governance standards in the developing world. As the Executive Vice President of OPIC, I will continue to advocate for American opportunities that advance prosperity worldwide,” he said.
Before Mr. Bohigian’s appointment as Executive Vice President, he was the Managing Director of Pluribus Ventures, advising financial services firms and growth companies. Mr. Bohigian has served on the core management team of Bridgewater Associates. He also founded E2 Capital Partners, which developed new financing models for energy efficiency projects.
Mr. Bohigian served under many capacities at the Department of Commerce during President George W. Bush’s administration from 2005 to 2009. As the Assistant Secretary of Commerce for Market Access and Compliance in the International Trade Administration, he ensured that American companies could compete fairly in international markets. Prior to that appointment, he served as the Assistant to the Secretary and Director of Policy and Strategic Planning and as Deputy Director. Most recently, Mr. Bohigian led the Commerce Department’s landing team as a member of President Trump’s presidential transition.
Earlier in his career, he held several positions in the private sector, including Managing Director for Idealab, Founder and Managing Director for VenCatalyst, and Director for Jefferson Partners, LLC. Mr. Bohigian earned his bachelor’s degree from Washington & Lee University and his JD from Washington University School of Law in St. Louis.
The Overseas Private Investment Corporation (OPIC) is a self-sustaining U.S. Government agency that helps American businesses invest in emerging markets. Established in 1971, OPIC provides businesses with the tools to manage the risks associated with foreign direct investment, fosters economic development in emerging market countries, and advances U.S. foreign policy and national security priorities. OPIC helps American businesses gain footholds in new markets, catalyzes new revenues and contributes to jobs and growth opportunities both at home and abroad. OPIC fulfills its mission by providing businesses with financing, political risk insurance, advocacy and by partnering with private equity investment fund managers.
OPIC services are available to new and expanding businesses planning to invest in more than 160 countries worldwide. Because OPIC charges market-based fees for its products, it operates on a self-sustaining basis at no net cost to taxpayers. All OPIC projects must adhere to best international practices and cannot cause job loss in the United States.