Stefan M. Selig
Under Secretary of Commerce
for International Trade
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. As one of the nation's most senior commercial diplomats, Selig heads the International Trade Administration (ITA), and is responsible for strengthening the competitiveness of U.S. industry; promoting trade and investment; and working with foreign governments to improve the global business environment. Selig leads a team of more than 2,200 trade and investment professionals—based in more than 100 U.S. cities and 75 countries around the world—to assist in the development of U.S. trade policy in the global economy; create jobs and economic growth by promoting U.S. companies abroad; strengthen American competitiveness across all industries; address market access and compliance issues; administer U.S. trade laws; and undertake a range of trade promotion and trade advocacy efforts.
In his current capacity, Selig also serves as the Executive Director of the Travel and Tourism Advisory Board; sits on the board of directors of the Overseas Private Investment Corporation (OPIC), the U.S. government's development finance institution; is a Commissioner for the Congressional Executive Commission on China; and is the Executive Director of the President’s Advisory Council on Doing Business in Africa.
Previously, 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, Selig was Vice Chairman of Global Investment Banking and Global Head of Mergers and Acquisitions at Banc of America Securities. Under his leadership, the bank advised its corporate and private equity clients on more than $1 trillion of strategic global transactions.
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.
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.
He has previously served as a member of the board of directors of Lincoln Center for the Performing Arts and Services for the UnderServed which supports individuals and families facing challenging situations. He is a lifetime member of the Council on Foreign Relations.
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