Dowd to Lead Deal-Making and Strategic
Expansion Across Key Commercial Banking Segments to Drive
Enterprise-Wide Growth Targets.
NEW
YORK, Dec. 10, 2024 /PRNewswire/ -- IDB Bank, a
New York-based private and
commercial bank, announced the appointment of Chris Dowd as its new Senior Vice President and
Head of Specialty Finance. In this role, he will lead a portfolio
in excess of $1 billion across key
national business segments including Sponsor & Leverage
Finance, Syndications, Asset-Based Lending and Factoring. Dowd will
report directly to IDB Bank Executive Vice President and Head of
New York Commercial Banking, Lissa
Baum.
"We are pleased to announce Chris' appointment to the role of
Head of Specialty Finance," said Baum. "Chris is a valued leader
across our commercial banking segments with a notable track record
of success. We are confident that under his stewardship, our
newly-formed Specialty Finance business will harness the full power
of our national financing capabilities to advance our position
within the middle market."
Dowd's appointment is announced in tandem with the formation of
IDB's Specialty Finance business, which combines the Bank's
Leveraged Finance, Syndications, Factors and Asset Based lending
group, signaling the next chapter for IDB's commercial banking
growth story in driving enterprise-wide growth targets.
A seasoned commercial banking leader with more than 25 years of
experience, Dowd joined IDB in 2012, holding several notable
roles across its Sponsor & Leverage Finance, Syndications and
Asset-Based Lending. Most recently, he served as IDB's Senior Vice
President, Head of Syndications, Sponsor & Leverage Finance,
where he orchestrated our strategic Sponsor & Leverage Finance
business expansion.
About Israel Discount Bank of New
York ("IDBNY" or "IDB Bank")
IDB Bank is a New-York
State-chartered commercial bank, a member of the FDIC, and a
wholly-owned subsidiary of Israel Discount Bank LTD., one of
Israel's leading banks. In
addition to its Manhattan
headquarters, IDB Bank operates full-service offices in
California, Florida and the tristate area, including
branch locations in Brooklyn, NY,
Staten Island, NY and Short Hills, NJ. The Bank provides a complete
range of private banking and commercial
banking services to U.S. and international clients.
For 70 years, IDB Bank has built its business by fostering deep
relationships with its clients, rapid decision-making, and the
ability to develop custom-tailored solutions for both its domestic
and international clientele.
Chris has been an instrumental member of our IDB team for more
than 12 years, serving in several critical capacities within our
New York Commercial Banking segments, and leveraging his extensive
lending and leadership experience to advance our enterprise-wide
targets. Most recently, he served as our SVP, Head of Syndications,
Sponsor & Leverage Finance, where he orchestrated our strategic
Sponsor Leverage Finance business expansion. In his new role, Chris
will continue to report directly to Lissa
Baum, Head of New York Commercial Banking.
View original content to download
multimedia:https://www.prnewswire.com/news-releases/idb-bank-announces-chris-dowd-as-head-of-specialty-finance-302324505.html
SOURCE IDB Bank
