Fifth Third Bancorp Introduces New Investment Banking Capabilities for Renewable Energy Industry
August 14 2019 - 11:02AM
Business Wire
Fifth Third Bancorp (Nasdaq: FITB) announced today that Fifth
Third Securities Inc. has hired Timothy Beach, Ari Citrin and
Oliver Janssen as managing directors to lead its new Renewable
Energy Investment Banking Group.
“The creation of a dedicated group to offer M&A and capital
markets advisory services for the renewable energy industry adds to
the capabilities, services and expertise established by our
Renewable Energy Finance Group led by Eric Cohen,” said Lars
Anderson, executive vice president and chief operating officer for
Fifth Third. “We are proud to welcome a team that has a significant
track record as trusted advisors to the industry to help our
clients achieve their objectives.”
Since 2012, Fifth Third has provided financing for solar
projects, including large utility-scale projects, distribution
generation and community solar, in more than 25 states for
middle-market companies.
“Renewable energy capacity and generation has grown
exponentially and we believe that will continue,” said Cohen, vice
president and group head of Fifth Third’s Renewable Energy Finance
Group. “The new Investment Banking group will be instrumental in
building on our solar growth strategy and delivering value for our
clients.”
Based in San Francisco, the Renewable Energy Investment Banking
Group composed of more than 10 professionals will report to Rob
Schipper, head of Investment Banking. The Investment Banking and
M&A team provides a depth of experience in advising a range of
industry sectors, including consumer and retail; diversified
industrials; downstream petroleum; technology, media and telecom;
and healthcare.
The Renewable Energy Investment Banking Group is part of a
larger strategic buildout in San Francisco, where Fifth Third plans
to provide its full scope of middle-market banking capabilities,
and builds on Fifth Third Capital Markets’ recent growth. In 2018,
Fifth Third Securities acquired Coker Capital, which
specializes in M&A advisory services for middle-market
healthcare companies.
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-sized 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,
North Carolina, Cincinnati, Chicago, Cleveland, Dallas, and Memphis
and Nashville, Tennessee, providing services across a variety of
industries such as large corporate; mid corporate; consumer and
retail; energy; entertainment, lodging and leisure; healthcare;
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 and the indirect parent company
of Fifth Third Bank, an Ohio-chartered bank. As of June 30, 2019,
Fifth Third had $169 billion in assets and operated 1,207
full-service Banking Centers and 2,551 ATMs with Fifth Third
branding in Ohio, Kentucky, Indiana, Michigan, Illinois, Florida,
Tennessee, West Virginia, Georgia and North Carolina. In total,
Fifth Third provides its customers with access to approximately
53,000 fee-free ATMs across the United States. Fifth Third operates
four main businesses: Commercial Banking, Branch Banking, Consumer
Lending and Wealth & Asset Management. Fifth Third is among the
largest money managers in the Midwest and, as of June 30, 2019, had
$399 billion in assets under care, of which it managed $46 billion
for individuals, corporations and not-for-profit organizations
through its Trust and Registered Investment Advisory businesses.
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. Deposit and Credit
products are offered by Fifth Third Bank. Member FDIC.
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. Registration does not imply a certain
level of skill or training. Securities and investments offered
through Fifth Third Securities, Inc.:
Are Not FDIC Insured
Offer No Bank Guarantee
May Lose Value
Are Not Insured By Any Federal
Government Agency
Are Not A Deposit
About Coker Capital
Coker Capital Securities, LLC, doing business as Coker Capital
Advisors, is a subsidiary of Fifth Third Securities, Inc. 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. Fifth Third Bank is engaged in
a broad range of financial and securities activities. Coker Capital
Advisors is not a registered broker-dealer and provides Mergers and
Acquisitions advisory services to privately held businesses.
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