In that position, he was the chief United States negotiator for issues such as climate change and trade on genetically modified agricultural products.

[3] Raised in Germany, Italy and Switzerland in his early years, Loy went to public schools in Los Angeles from the age of 10.

[6] Loy began his career practicing corporate law in Los Angeles with the firm of O'Melveny & Myers.

From 1970–1973 he served as Senior Vice President for International and Regulatory Affairs of Pan American World Airways.

[4] He spent the years 1974 to 1979 as a partner in the turnaround firm that successfully brought the Penn Central Transportation Company out of bankruptcy.

When the bankruptcy terminated, he became president of the successor company, the Penn Central Corporation, listed on the New York Stock Exchange.

His portfolio included human rights, the promotion of democracy, international criminal activity and narcotics, refugees and population affairs, and environmental matters.

He served in 1994 as Chair of the Conference of Parties of the Convention on International Trade in Endangered Species (CITIES), in which over 1,000 delegates from more than 120 countries and over 500 observers participated.