IDB Bank hired Salvador Palma as the new president of IDB Capital. With more than 20 years of industry experience, Palma will deliver investment insights for IDB’s client base. In his new role, Palma will report directly to Ziv Biron, president and CEO of IDB Bank.

“[Salvador] brings a unique perspective to IDB Capital, one that will help our clients understand risks and subtleties of different markets and industry plays,” Biron said. “He will be an exceptional complement to our team and provide leadership that aligns with our values and focus on being the best bank for our clients.”

Prior to joining IDB, Palma was a senior vice president and principal at Marco Polo Securities, where he was responsible for the development and management of new business and broker dealers, including the compliance, architecture, design and implementation of technology solutions to support service models, presales support and product implementation. He also previously acted as partner for GWM Group, principal at XP Securities and Avila Capital Markets and partner at Inclusite.

Palma has lived and traveled internationally and is fluent in English, Spanish, Portuguese and French, and conversant in basic Italian.

“It’s a privilege to join such a diversely talented and dedicated group of professionals,” Palma said. “IDB’s reputation for excellence and unparalleled service make me excited to join the great team at IDB Capital.”