Manny Perdomo gets new role as SunTrust announce changes

Manny Perdomo could aptly be called the guru of international banking for SunTrust Banks and that’s apparent in his new role.

Perdomo, who was profiled by SFBW last year, is leaving his role as South Florida Division Commercial Banking president to be head of international risk delivery. He will be responsible for credit approval, compliance and operational risks for all SunTrust international exposures within the consumer and wholesale segments, including owning international components of all risk policies and all risk oversight for international wealth management, SunTrust stated in a press release.

Scott Cathcart, who serves as SunTrust’s Central Florida Division president, will add the duties of Florida Division president. It appears SunTrust isn’t naming a new South Florida division president as part of what’s being called a One Team approach. The approach integrates financial and industry expertise from across the SunTrust organization to meet client’s needs.

Cathcart will have responsibility for providing commercial banking products and services across the state, as well as coordinating the delivery of the investment banking and capital markets capabilities offered by SunTrust Robinson Humphrey to business and commercial banking clients.

SunTrust’s South Florida leadership will remain unchanged: Paco Gonzalez in Miami, Christopher Chase in West Palm Beach, and Shawn Sackman in Fort Lauderdale, the company said.

The move will allow Perdomo to focus on an area where he has longtime expertise.

As the 2017 profile explains, he got a call in late 1994 to be SunTrust’s international trade finance manager in Miami.

The timing was right because U.S. Treasury Secretary Nicholas Brady had developed a debt reduction strategy for Latin American nations, which came to be known as Brady bonds.

“Before that, there was more than a decade of stifled business because of the debt crisis,” Perdomo says. “All of the sudden business in Miami became vibrant.”

The profile also explains why Perdomo left SunTrust at one point, gained more international business experience and then returned.




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Drew Limsky

Drew Limsky



Drew Limsky joined Lifestyle Media Group in August 2020 as Editor-in-Chief of South Florida Business & Wealth. His first issue of SFBW, October 2020, heralded a reimagined structure, with new content categories and a slew of fresh visual themes. “As sort of a cross between Forbes and Robb Report, with a dash of GQ and Vogue,” Limsky says, “SFBW reflects South Florida’s increasingly sophisticated and dynamic business and cultural landscape.”

Limsky, an avid traveler, swimmer and film buff who holds a law degree and Ph.D. from New York University, likes to say, “I’m a doctor, but I can’t operate—except on your brand.” He wrote his dissertation on the nonfiction work of Joan Didion. Prior to that, Limsky received his B.A. in English, summa cum laude, from Emory University and earned his M.A. in literature at American University in connection with a Masters Scholar Award fellowship.

Limsky came to SFBW at the apex of a storied career in journalism and publishing that includes six previous lead editorial roles, including for some of the world’s best-known brands. He served as global editor-in-chief of Lexus magazine, founding editor-in-chief of custom lifestyle magazines for Cadillac and Holland America Line, and was the founding editor-in-chief of Modern Luxury Interiors South Florida. He also was the executive editor for B2B magazines for Acura and Honda Financial Services, and he served as travel editor for Conde Nast. Magazines under Limsky’s editorship have garnered more than 75 industry awards.

He has also written for many of the country’s top newspapers and magazines, including The New York Times, Washington Post, Los Angeles Times, Miami Herald, Boston Globe, USA Today, Worth, Robb Report, Afar, Time Out New York, National Geographic Traveler, Men’s Journal, Ritz-Carlton, Elite Traveler, Florida Design, Metropolis and Architectural Digest Mexico. His other clients have included Four Seasons, Acqualina Resort & Residences, Yahoo!, American Airlines, Wynn, Douglas Elliman and Corcoran. As an adjunct assistant professor, Limsky has taught journalism, film and creative writing at the City University of New York, Pace University, American University and other colleges.