In November 2013, the White House nominated Stefan Selig ’84 as under secretary of international trade for the United States Department of Commerce. Since 2009, he’s served as executive vice chairman of global corporate and investment banking at Bank of America Merrill Lynch. The Obama administration rarely appoints Wall Street bankers, especially from Bank of America, so this is an exceptional case.
If confirmed by the senate, Selig will head the International Trade Administration, working toward the expansion of American industry, job creation and the promotion of exports.
Selig earned his BA from Wesleyan and an MBA from Harvard Business School. Before joining Bank of America in 1999, he worked for First Boston, Wasserstein Perella & Company, UBS and Société Générale.