IDB Taps BofA’s Weissman for Corporate Finance

Warren Weissman, head of LatAm loan syndications at Banc of America Securities, is moving to the IDB to head the Corporate Finance division in the multilateral’s reformed private sector group, headed by Hans Schulz. As division head, Weissman will be responsible for a team of up to nine executives, a number that may grow with local additions in the coming months. He will focus on lending to corporates in the region. The idea is not to compete with commercial banks, but to participate jointly and complement their business in LatAm, Weissman tells LatinFinance. The IDB, currently undergoing a personnel overhaul, is looking to hone in on the private sector and shift away from its historical emphasis on large infrastructure and sovereign deals. Weissman is expected to start the Washington appointment in September.