Fifth Third Bancorp (Nasdaq: FITB) recently announced that Fifth Third Securities Inc. is continuing to expand its investment banking and mergers and acquisitions (M&A) capabilities with the hiring of Joseph Carson who will join the Investment Banking team as managing director in the Diversified Industrials group based in Cleveland, Ohio.

“The Industrials market is filled with opportunities and challenges driven by various factors such as innovation, increasing competition, commodity volatility and regulatory changes,” commented Rob Schipper, managing director and head of investment banking for Fifth Third. “We continue to add experienced bankers such as Joe, who bring the industry, market and transaction expertise needed to help our clients navigate through market changes and achieve their strategic objectives.”

Carson brings over 24 years of experience in investment banking and strategic advisory services for middle market businesses. Carson also brings deep industrials industry and transaction experience, having executed over 40 successful M&A and capital markets transactions with a total deal value exceeding $5 billion. Prior to joining Fifth Third, Carson served as senior vice president and head of the energy division at Caldwell Tanks in Louisville, Kentucky, and served as co-head of the Industrials investment banking vertical at Western Reserve Partners in Cleveland, Ohio. Additionally, he was part of the investment banking team at KeyBanc Capital Markets in Indianapolis, Indiana and Cleveland Ohio.

This expansion of M&A advisory and investment banking capabilities represents a significant opportunity for Fifth Third Capital Markets to support clients. Over the past six months, Fifth Third Securities’ Diversified Industrial group has advised Fifth Third clients on several strategic sell side transactions including RoadWorks Manufacturing, LLC sale to Lund International Holding Company, Miller Industrial Fluids, LLC sale to PetroChoice Lubrication Solutions and the sale of Fiber Materials Inc., a business unit of GrafTech International Ltd, to Edgewater Capital Partners.

About Fifth Third Capital Markets

Fifth Third Capital Markets seeks to provide value-added advice and financial risk solutions aimed to support the growth, profitability and capital needs of mid- and large corporate clients. Fifth Third Capital Market offerings include investment banking++, debt capital markets+, bond capital markets++, equity capital markets++, financial risk management+, and fixed income sales and trading++. The group has offices in Atlanta, Charlotte, Cincinnati, Chicago, Cleveland, Memphis, Richmond and Nashville, providing services across a variety of industries such as large corporate; mid corporate; consumer and retail; energy; gaming lodging and leisure; health care; real estate; technology, media and telecom.

+ Services and activities offered through Fifth Third Bank++ Services and activities offered through Fifth Third Securities, Inc.

About Fifth Third

Fifth Third Bancorp is a diversified financial services company headquartered in Cincinnati, Ohio. As of Dec. 31, 2016, the Company had $142 billion in assets and operated 1,191 full-service Banking Centers, including 94 Bank Mart® locations, most open seven days a week, inside select grocery stores and 2,495 ATMs in Ohio, Kentucky, Indiana, Michigan, Illinois, Florida, Tennessee, West Virginia, Georgia and North Carolina. Fifth Third operates four main businesses: Commercial Banking, Branch Banking, Consumer Lending, and Wealth & Asset Management. As of Dec. 31, 2016, Fifth Third also had a 17.9 percent interest in Vantiv Holding, LLC. Fifth Third is among the largest money managers in the Midwest and, as of Dec. 31, 2016, had $315 billion in assets under care, of which it managed $31 billion for individuals, corporations and not-for-profit organizations. Investor information and press releases can be viewed at www.53.com. Fifth Third’s common stock is traded on the NASDAQ® Global Select Market under the symbol “FITB.” Fifth Third Bank was established in 1858. Member FDIC, Equal Housing Lender

Fifth Third Securities is the trade name used by Fifth Third Securities, Inc., member FINRA/SIPC, a wholly owned subsidiary of Fifth Third Bank, a registered broker-dealer and a registered investment advisor registered with the U.S. Securities and Exchange Commission (SEC). Registration does not imply a certain level of skill or training. Securities and investments offered through Fifth Third Securities, Inc. and insurance products:

Are Not FDIC Insured       Offer No Bank Guarantee       May Lose Value Are Not Insured By Any Federal Government Agency       Are Not A Deposit

Copyright © 2017. Fifth Third Bank, Member FDIC, Equal Housing Lender, All Rights Reserved.

Fifth Third BancorpSean Parker, 513-534-6791

Fifth Third Bancorp (NASDAQ:FITB)
Historical Stock Chart
From Apr 2024 to May 2024 Click Here for more Fifth Third Bancorp Charts.
Fifth Third Bancorp (NASDAQ:FITB)
Historical Stock Chart
From May 2023 to May 2024 Click Here for more Fifth Third Bancorp Charts.