New York, June 9, 2017 – Marsh today announced senior leadership positions within its Aircraft Finance Insurance Consortium (AFIC). Leading aircraft finance specialist Robert Morin joins AFIC as Transaction and Business Development Leader, and Gabriel Okolski is appointed as Credit and Financial Analyst. Both are based in Washington, DC.
Launched earlier this month, AFIC provides an alternative aircraft finance insurance product for banks and capital market investors that are funding new aircraft purchases from Boeing. Available exclusively through Marsh, AFIC can assist airlines globally in obtaining more efficient financing by using insurance to protect the lender’s exposure to default for the duration of the loan.
Mr. Morin joins Marsh from the Export-Import Bank of the United States (EXIM Bank), where he was Senior Vice President of Business and Product Development, a position he held since 2014. Widely recognized as a leading authority in the global aircraft finance industry, Mr. Morin was employed by EXIM Bank for over 20 years and oversaw the successful expansion of EXIM Bank’s aircraft financing program.
Mr. 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, Mr. 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, said: “AFIC is a significant development in the diversification of aircraft finance globally. We’re delighted to have people of Bob and Gabe’s caliber, 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.”