CINCINNATI--(BUSINESS WIRE)--Fifth Third Bank today announced the opening of its new European
representative office, located in London. The new office serves as the
Origination and Client Coverage office for European companies that have
operations in North America.
“The London office represents a natural evolution and progression of our
international business,” said Greg Kosch, executive vice president and
head of the Wholesale Bank for Fifth Third. “The office puts Fifth Third
Bank in the heart of Europe’s strongest financial district and
demonstrates our commitment to the global wholesale market."
Fifth Third has had a presence in Europe for nearly 20 years. The growth
of multinational corporations, along with the increasingly global nature
of business in general, has made it more important than ever for Fifth
Third to be able to serve international customers with US subsidiaries.
“Building relationships with European based parent companies is an
important international strategy for Fifth Third Bank,” said Jan-Erik
Andersen, senior managing director and group head of international
banking for Fifth Third. “Serving as the core provider of financial
solutions for their US operating subsidiaries represents a strong
differentiator and value proposition for our clients.”
Fifth Third also serves international customers through an office in
Toronto, Canada.
Fifth Third Bancorp is a diversified financial services company
headquartered in Cincinnati, Ohio. The Company has $133 billion in
assets and operates 15 affiliates with 1,309 full-service Banking
Centers, including 102 Bank Mart® locations, most open seven days a
week, inside select grocery stores and 2,619 ATMs in Ohio, Kentucky,
Indiana, Michigan, Illinois, Florida, Tennessee, West Virginia,
Pennsylvania, Missouri, Georgia and North Carolina. Fifth Third operates
four main businesses: Commercial Banking, Branch Banking, Consumer
Lending, and Investment Advisors. Fifth Third also has a 22.8% interest
in Vantiv Holding, LLC. Fifth Third is among the largest money managers
in the Midwest and, as of June 30, 2014, had $305 billion in assets
under care, of which it managed $27 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.
Fifth Third Bank
Sean Parker, 513-534-6791