James Lambright has been sworn in as the 22nd chairman and president of US Ex-Im Bank. Lambright was previously executive vice-president and chief operating officer.

Board member Linda Conlin was also sworn in as first vice-president, and in that capacity will serve as vice-chairman.

Joseph Grandmaison, a former board member, was sworn in as a member of the board.

All three terms end on January 20, 2009.

Lambright came to Ex-Im Bank in 2001 from Credit Suisse First Boston in Los Angeles, where he was vice-president, private equity. There, he specialised in the underwriting and negotiation of real estate and venture capital transactions.

Conlin first joined Ex-Im Bank’s board on April 26, 2004. She has a long and distinguished career as an international marketing and management executive, including an extensive public service background promoting commerce on both the state and federal levels.

Before joining Ex-Im Bank, Conlin served as assistant secretary for trade development from August 2001 to April 2004 at the US Department of Commerce.

Grandmaison served from 1993 to 2001 in the Clinton administration as director of the US Trade and Development Agency (TDA), and was a board member at US Ex-Im from December 2001 to July 2005.

Grandmaison’s previous federal service also includes a presidential appointment from 1977 to 1981 as federal co-chairman of the New England Region Commission, a capacity in which he served with six New England governors.