Fifth Third Expands Buy-Side M&A Capabilities
April 13 2017 - 5:05PM
Business Wire
Fifth Third Bancorp (Nasdaq: FITB) recently announced that Fifth
Third Securities Inc. has hired Michael Ho and Jim Parrino to
co-head the Investment Banking group’s buy-side M&A advisory
practice that offers clients support and assistance in defining and
implementing their acquisition strategy. The buy-side service
complements the bank’s continued commitment to its existing merger
advisory services for the middle market.
“The addition of a dedicated buy-side M&A advisory
capability is core to Fifth Third’s focus on delivering valuable
industry, market and strategic advice to our clients,” said Rob
Schipper, managing director and head of investment banking for
Fifth Third. “Our clients are focused on ways to enhance growth and
value and M&A is an important component. Our buy-side M&A
team significantly enhances Fifth Third’s One Bank advisory
approach to help clients mitigate potential risks and achieve their
strategic objectives.”
Michael Ho joins as managing director and co-head of the
group’s buy-side M&A advisory practice. In addition to over 30
years of M&A execution experience covering a range of
transactions from buy-side to sell-side to M&A strategy for
large corporate to middle market clients, Ho combines practitioner
expertise with over 20 years as a business school professor. Ho is
a professor at the Darden Graduate School of Business at the
University of Virginia. Ho earned degrees in engineering and
finance from the Massachusetts Institute of Technology (M.I.T.)
before earning his doctorate from the University of Virginia.
Jim Parrino joins as managing director and co-head of the
group’s buy-side M&A advisory practice. Parrino brings a unique
set of skills for advising companies on their strategy and
execution of buy-side M&A. In addition to his practitioner
experience, Parrino is a professor at the University of Florida’s
Warrington College of Business Administration; a certified public
accountant; and has over 30 years of operational, strategic and
transactional M&A advisory experience. Parrino received his
bachelor’s degree in accounting from University of Florida, his
master’s in business administration from George Washington and his
doctorate in finance from the University of Virginia.
This expansion of M&A advisory and investment banking
capabilities represents a significant opportunity for Fifth Third
Capital Markets to support clients. In 2016, Fifth Third Securities
advised Flash Foods Inc. on its $425 million sale to CST Brands and
hired industry veteran Bill Tyson as co-head of Fifth Third Bank
Capital Markets.
The addition of these professionals expands Fifth Third’s
Investment Banking and M&A group with experience advising a
wide range of industry sectors, including consumer and retail;
diversified industrials; downstream petroleum; health care; and
technology, media and telecom.
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.
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Fifth Third BancorpSean Parker, 513-534-6791
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