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President and CEO
Overseas Private Investment Corporation

 

Photo, Ray W Washburne, OPIC President and CEO, Overseas Private Investment Corporation

Ray W. Washburne was appointed by President Donald J. Trump as the President and CEO of the Overseas Private Investment Corporation and joined the agency in August 2017. Since his appointment, Mr. Washburne has been a pivotal driver in modernizing the U.S. government’s development finance capabilities. In less than a year, he garnered the support needed to take the BUILD Act from an idea to a reality, culminating with it becoming law on October 5, 2018. This law will transform OPIC into a brand new agency called the U.S. International Development Finance Corporation (DFC) and allow the U.S. to be more competitive and impactful in advancing America’s national security and foreign policy goals throughout the developing world.

Under Mr. Washburne’ s leadership, OPIC has also launched several key initiatives, such the OPIC 2X Women’s Empowerment Initiative and a Northern Triangle Initiative which has exceeded its $1 billion goal in less than a year. OPIC has become a central player in the administration’s Indo-Pacific Strategy, helping the U.S. compete with countries like China.

Before leading OPIC, Mr. Washburne had a distinguished career as a Texas-based investor with a long history of heading successful businesses. Most recently, he was the President and CEO of Charter Holdings, an investment company based in Dallas, involved in restaurants, real estate, and private equity around the U.S. He also served as the President and Managing Director of Highland Park Village in Dallas.

Over the course of his career, Mr. Washburne has served on the boards of banks, infrastructure, construction, and manufacturing businesses. As a real estate investor, he acquired and developed a wide range of properties, from office buildings and warehouses to shopping centers and land developments.

Mr. Washburne actively participates in a number of associations, including global business organizations, nonprofits, and real estate councils, such as the Young Presidents’ Organization, The Real Estate Council, International Council of Shopping Centers, Urban Land Institute, Veritex Bank, SMU O’Neil Center Advisory Board, SMU Tower Center, Dallas Museum of Art Committee on Collections, and Baylor Health Care System Foundation.

Mr. Washburne has spent a great deal of time in Africa. His family recently funded the construction of a new K-12 school for 300 as well as a health clinic children in Zambia’s capital, Lusaka.

He is a graduate of Southern Methodist University and has served as an adjunct professor at SMU Cox School of Business.