I am sorry that I could not be here in person to introduce James Harmon at his confirmation hearing to be President and Chairman of the Export-Import Bank. Unfortunately, my schedule does not permit me to attend.
Mr. Harmon is a life-long resident of New York State. He was born in New York City, and his family moved to Mamaroneck where he was raised. After graduating from Brown University and then receiving his M.B.A. in Finance from the Wharton Graduate School at the University of Pennsylvania, he returned to New York to launch his professional career.
Currently, Mr. Harmon serves as Senior Chairman of Schroder Wertheim & Co., Incorporated, an international investment bank headquartered in New York City. Prior to his assumption of the Senior Chairmanship in 1996, Mr. Harmon was the Chairman and Chief Executive Officer of Schroder Wertheim where he oversaw the expansion of the firm's domestic and international investment banking activities. The merger of Schroder ple (UK) and Wertheim in 1985, initiated by Mr. Harmon, created a global investment bank with approximately 5000 employees operating in 33 countries around the world. In addition to his work at Schroder Wertheim, the finance background which Mr. Harmon would bring to the Export-Import Bank was honed during his tenure as a member of the Advisory Committee on International Capital Markets and former Chairman of the Nominating Committee of the Board of Governors of the New York Stock Exchange, Inc.
Mr. Harmon's influence in New York City extends beyond banking. In 1994, along with former New York City Mayor David Dinkins, he founded the Barnard-Columbia University Center for Public Policy where he still serves as Chairman of its Advisory Board. Mr. Harmon is also a member of the Executive Committee and Board of Directors of The New York City Partnership, the principal vehicle for private-sector activities which improve the City's economic and social health.
I congratulate the distinguished nominee and wish him great good wishes and
congratulations. I thank the President for bringing Mr. Harmon's nomination forward.
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