Stefan M. Selig
| Stefan M. Selig | |
|---|---|
 |
|
| Under Secretary of Commerce for International Trade | |
|
In office June 4, 2014 – June, 2016 |
|
| Preceded by | Frank Sanchez |
| Succeeded by | TBD |
| Personal details | |
| Born |
1963 (age 53–54) New York, New York |
| Political party | Democratic |
| Spouse(s) | Heidi Selig |
| Residence | New York, New York |
| Alma mater |
Wesleyan University (B.A.) Harvard University (M.B.A.) |
| Profession | Investment Banker |
Stefan M. Selig (born 1963) is an American investment banker and business executive. He served as Under Secretary of Commerce for International Trade at the U.S. Department of Commerce from June 2014 to June 2016. In his role he was responsible for promoting trade and investment to strengthen the competitiveness of U.S. industry and "improve the global business environment". He advocated for the Trans-Pacific Partnership and negotiated the Transatlantic Trade and Investment Partnership. He expanded SelectUSA. He was forced out due to a controversy over lavish travel and office renovation expenses charged to government accounts.
Selig grew up in New York and attended the Dalton School on the Upper East Side. He graduated from Wesleyan University in Middletown, Connecticut with a B.A. in Economics in 1984. Selig completed the Platoon Leaders Class at Officer Candidate School for the United States Marine Corps. He briefly considered the Marine Corps, but instead chose to go into business, attended Harvard Business School, earning an MBA in 1988..
In 1984, Selig joined First Boston Corp, where he worked in the mergers and acquisitions department for the investment bankers Bruce Wasserstein and Joseph Perella. In 1988, he joined Wasserstein's and Perella's own firm, Wasserstein Perella & Co., which has been described as a training ground which helped create "a dynasty of bankers and executives that has spread throughout Wall Street and corporate America".
Later he became a partner at Berenson Minella & Co., a boutique investment bank where he organized high-profile buyouts, including the $65 million+ takeovers by CCMP Capital and Apollo Advisors of Gerber Products Co.’s Buster Brown children's apparel subsidiary, the acquisition by Castle Harlan Inc. of MAG Aerospace Industries Inc. from Vestar Capital Partners Inc., and Chemical Venture Partners purchase of Chiquita Brands International’s Speciality Meat Group in 1994.
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