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:
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Are Not FDIC Insured
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Offer No Bank Guarantee
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May Lose Value
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Are Not Insured By Any Federal Government Agency
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Are Not A Deposit
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Copyright © 2017. Fifth Third Bank, Member FDIC, Equal Housing Lender,
All Rights Reserved.
Fifth Third Bancorp
Sean Parker, 513-534-6791