Ray Ellis has been named vice-president of the operations division in the export finance group of US Ex-Im Bank.
The division administers the intake of applications for Ex-Im loans, guarantees and medium-term insurance, administers medium and long-term loans following authorisation, and issues short and medium-term insurance policies following authorisation.
Ellis began his career at US Ex-Im in 1975 as a financial analyst/loan officer, left in 1982 to join the private sector, and returned to the bank in 1999. His most recent post at Ex-Im was as director for Latin America and the Caribbean in Ex-Im’s trade finance and insurance division.
In the private sector, Ellis held executive management positions in international tour companies and in leading US banks in Chicago.
He served as vice-president for trade services/cash management at Chemical Bank in Chicago, and vice-president and general manager of Bankers Trust Company International, also in Chicago.