International Trade Administration
Stefan M. Selig was confirmed on June 4, 2014, by the U.S. Senate to serve as President Obama’s Under Secretary of Commerce for International Trade at the U.S. Department of Commerce. Mr. Selig leads the International Trade Administration which assists in the development of U.S. trade policy in the global economy; creates jobs and economic growth by promoting U.S. companies; strengthens American competitiveness across all industries; addresses market access and compliance issues; administers U.S. trade laws; and undertakes a range of trade promotion and trade advocacy efforts.
Additionally, in his current capacity, Mr. Selig serves as the Executive Director of the Travel and Tourism Advisory Board and sits on the Board of Directors of the Overseas Private Investment Corporation (OPIC).
Previously, Mr. Selig served as Executive Vice Chairman of Global Corporate & Investment Banking at Bank of America Merrill Lynch. In that capacity, he focused on building and maintaining strategic relationships at the CEO and Board-level with important clients of the firm. Before then, Mr. Selig was Vice Chairman of Global Investment Banking and Global Head of Mergers and Acquisitions at Bank of America Securities. Under his leadership, the bank advised its corporate and private equity clients on more than $1 trillion of strategic global transactions.
Mr. Selig is widely known as a highly accomplished banker and business executive who is recognized for his experience and judgment in providing strategic and financial advice to his clients. Throughout his nearly 30-year career, he built a reputation as a trusted advisor and a tireless advocate for American businesses both domestically and internationally.
Prior to joining Bank of America in May 1999, Selig held various senior investment banking positions on Wall Street including Co-Head of Mergers & Acquisitions for UBS Securities. He began his investment banking career in the Mergers & Acquisitions Group at The First Boston Corporation in 1984, and subsequently was an original member of Wasserstein Perella & Co.
Mr. Selig holds a B.A. in Economics from Wesleyan University, a General Course Certificate from the London School of Economics and Political Science, and an M.B.A. from the Harvard Graduate School of Business Administration.