Andy Nakahata Appointed Chief Deputy Executive Director of IBank
SACRAMENTO (March 17, 2025) — The California Infrastructure and Economic Development Bank (IBank) announced Andy Nakahata as its Chief Deputy Executive Director/Chief Operating Officer.
Nakahata was appointed following more than three decades working with state and local governments funding capital projects through the municipal bond market.
With a career spent finding creative solutions to fund public infrastructure projects at the lowest cost of funds, Nakahata most recently served as Director and Western Region Head for TD Securities, where he led the firm’s public finance team in the western states. He previously worked at UBS, National Public Finance Guarantee Corp, Citigroup, JP Morgan, and Goldman Sachs.
Nakahata plans to leverage his experience as a banker and financial services executive to further strengthen IBank’s mission to provide financial assistance that supports infrastructure and economic development.
“IBank is an incredible resource which the state, local governments, community organizations, and Californians can utilize to help finance and advance infrastructure and economic development,” Nakahata said. “I’m honored to be able to work with programs that help enhance our status as the fifth largest economy in the world.”
“IBank is excited to welcome Andy Nakahata and his seasoned expertise to our executive team,” said Executive Director/CEO Scott Wu. “Our work in California is more important than ever and Nakahata will be an incredible addition.”
About the California Infrastructure and Economic Development Bank: IBank was created in 1994 to finance public infrastructure and private development that promote a healthy climate for jobs, contribute to a strong economy, and improve the quality of life for Californians and communities throughout the state. IBank is located within the Governor’s Office of Business and Economic Development and is governed by a five-member board of directors.
IBank issues tax-exempt and taxable revenue bonds, provides financing to public agencies, provides credit enhancements, acquires and leases facilities, leverages state and federal funds, and provides loan guarantees and other credit enhancements for small businesses. Visit us at ibank.ca.gov.
Karen C. Naungayan
Deputy Director of External Affairs
Office: 916.447.8474
Mobile: 916.207.9132
