Antonio Weiss

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Antonio F. Weiss
Antonio F. Weiss.jpg
Counselor to the Secretary, U.S. Treasury
Personal details
Born (1966-09-28) September 28, 1966 (age 50)
Political party Democratic
Spouse(s) Susannah Hunnewell
Children Three sons
Alma mater Yale College (B.A.)
Harvard Business School (M.B.A.)
Occupation Banker, editor

Antonio Francesco Weiss (born September 28, 1966)[1] is Counselor to the Secretary of the US Treasury, serving since January, 2015. He advises on a broad range of domestic and international issues, including financial markets, regulatory reform, job creation, and fostering broad-based economic growth. He was previously head of investment banking for Lazard, a global financial advisory and asset management firm.[2][3]

Education[edit]

Weiss attended Yale College and received his MBA at Harvard Business School, where he was a Baker Scholar and a Loeb Fellow in Finance.[4]

Banking career[edit]

Weiss joined Lazard in New York in 1994 and became a partner at the end of 1998. From 2001 to 2009, Weiss was based in Paris, France where he served as a vice chairman of European investment banking for Lazard and subsequently global head of mergers and acquisitions.[5][6]

Transactions on which he advised included Reynolds American's acquisition of Lorillard, the merger of Rockwood and Albemarle,[7] the acquisition by Berkshire Hathaway and 3G Capital of Heinz,[8] the sale of D.E Master Blenders to JAB and pending merger with Mondelez coffee,[9] Anheuser-Busch's acquisition of Grupo Modelo,[10] Google's acquisition of Motorola Mobility,[11] 3G Capital's acquisition of Burger King,[12] Kraft's acquisition of Cadbury,[13][14] the KKR and KPE merger,[5] InBev's acquisition of Anheuser-Busch,[4] Nestle's acquisition of Gerber and Novartis Medical Nutrition.[5]

Political career[edit]

After his nomination to be undersecretary of domestic finance at the Treasury Department was opposed by Senator Elizabeth Warren, Weiss served the Treasury as an unofficial advisor, beginning in early 2015. In 2016, as a public debt crisis brought Puerto Rico to the brink of default, Weiss helped to broker a U.S. law that restructured Puerto Rico's debt, imposed a financial oversight board on the protectorate, and limited minimum-wage and overtime protections for Puerto Rican workers. [15] The law was criticized on the right by fiscal conservatives unhappy with the possible cost to U.S. taxpayers and on the left by advocates for workers and for Puerto Rican autonomy, but was heralded as "the only piece of major economic policy to pass Congress" to date in 2016. [16]

Affiliations[edit]

Weiss is a member of the Council on Foreign Relations and has a long-standing interest in policy matters. He co-authored the December, 2012 Center for American Progress report, “Reforming Our Tax System, Reducing Our Deficit,” which recommended a more progressive tax regime and a balanced approach to long-term debt reduction.[17] Prior to joining the US Treasury, Weiss was a trustee of The Frick Collection, the French-American Foundation, and Publisher of literary quarterly The Paris Review, where he apprenticed to founder and editor George Plimpton.[18][19]

References[edit]

  1. ^ "Antonio Francesco Weiss". The Complete Marquis Who's Who (R) Biographies. Accessed January 5, 2015 via LexisNexis.
  2. ^ "Elizabeth Warren wins on Antonio Weiss nomination". Politico. 
  3. ^ "Treasury Fight Is Over, but Wall Street Animosity Lingers". New York Times. 
  4. ^ a b "Lazard's Border Crossing Guard". Institutional Investor. 
  5. ^ a b c "Lazard rewards $100bn rainmaker with global M&A position". Financial News. 
  6. ^ "In Hopeful Move, Lazard Names M&A Head". Wall Street Journal. 
  7. ^ "Lazard's M&A Team Toasts Double U.S. Win". Wall Street Journal Money Beat. 
  8. ^ "Banker Behind Berkshire-Heinz Deal". CNBC. 
  9. ^ "Bloomberg Brief Mergers 2013 Year End Review". Bloomberg. 
  10. ^ "AB InBev Agrees to buy out Modelo". The Deal. 
  11. ^ "Boutique banks triumph in Google's Motorola deal". Reuters. 
  12. ^ "The Bullish Case for Deal Growth". New York Times. 
  13. ^ "2. Antonio Weiss and Team / Lazard". Institutional Investor. 
  14. ^ McIntosh, Julie (2011). Dethroning the King: The Hostile Takeover of Anheuser-Busch, an American Icon, Wiley, New Jersey. ISBN 1118157028.
  15. ^ Saleha Mohsin (June 30, 2016). "Treasury’s Weiss Makes Mark Championing Puerto Rico Solution". Bloomberg. 
  16. ^ Laura Barron-Lopez (August 24, 2016). "How Antonio Weiss Brokered The Only Major Economic Policy To Pass Congress This Year". Huffington Post. 
  17. ^ "Reforming Our Tax System, Reducing Our Deficit" (PDF). Center For American Progress. 
  18. ^ "Antonio Weiss Elected to Frick Board of Trustees" (PDF). The Frick Collection. 
  19. ^ "Senator Elizabeth Warren’s Misplaced Rage at Obama’s Treasury Nominee". New York Times.