IDB Bank Appoints Dowd as Head of Specialty Finance

IDB Bank, a New York-based private and commercial bank, appointed 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 and leverage finance, syndications, asset-based lending and factoring._x000D_
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Dowd will report directly to IDB Bank executive vice president and head of New York commercial banking, Lissa Baum._x000D_
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“We are pleased to announce Chris’ appointment to the role of head of specialty finance,” Baum said. “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.”_x000D_
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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._x000D_
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A seasoned commercial banking leader with more than 25 years of experience, Dowd joined IDB in 2012, holding several notable roles across sponsor and leverage finance, syndications and asset-based lending. Most recently, he served as IDB’s senior vice president, head of syndications, sponsor and leverage finance, where he orchestrated our strategic sponsor and leverage finance business expansion.