BofA to Head Syndications from Mexico

In the wake of Warren Weissman’s departure, BofA is taking a step further into local markets by moving leadership of its loan syndications business to the Mexico office. Jaime Lopez, a BofA credit portfolio manager, replaces Weissman, who was based in New York, and will head syndications from Mexico City. BofA has been a selective player in LatAm capital markets, limiting its cross-border presence to loan syndications for Mexican credits. Other banks, such as Scotiabank have also moved to establish a stronger local presence in Mexico as the peso lending business picks up.