Lazard’s Weiss Selected as U.S. Treasury Undersecretary

Lazard Ltd.’s Antonio Weiss will be nominated by President Barack Obama as the U.S. Treasury Department’s top domestic finance official, the White House said in a statement.

Weiss, who has been a top Wall Street donor to Obama, is global head of investment banking at Lazard, a merger-advisory firm that has been involved in several tax-inversion deals. The Obama administration has been trying to curtail the practice, in which companies reduce taxes by moving their addresses overseas.