Robert Morin’s move to Marsh’s Aircraft Finance Insurance Consortium (AFIC) has finally been announced. He takes up the position as Transaction and Business Development Leader, and is joined by his long-time Exim Bank colleague, Gabriel Okolski, who is appointed as Credit and Financial Analyst. Both will remain based in Washington, D.C.
Although in development for the past two years and taking mandates from the first quarter of 2017, AFIC publicly launched its alternative aircraft finance insurance product for banks and capital market investors that are funding new aircraft purchases from Boeing to the market this week.
As many of you already know, Morin joins Marsh from Exim Bank where he has spent the past two decades overseeing the expansion of the banks aircraft financing programme.
Okolski also joins Marsh from EXIM Bank, where he was a Senior Transportation Loan Officer responsible for more than $3 billion in large commercial aircraft and helicopter financing for airlines, aircraft leasing companies, and other corporate entities. Before joining EXIM Bank in 2011, Okolski was employed by the U.S. Department of Transportation as a Transportation Industry Analyst for two years.
Bruce Fine, Global Leader of AFIC for Marsh, is understandably delighted by the appointment: “AFIC is a significant development in the diversification of aircraft finance globally. We’re delighted to have people of Bob and Gabe’s calibre, both of whom have done seminal work in the convergence of airplane risk capital, law, regulation and loan protection, join our team and take AFIC to the next stage of its development.”
The next issue of Airline Economics contains a full interview with AFIC and will be published shortly. Sign up here to ensure you receive your own copy: www.aviationnews-online.com/subscriptions