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 Bancorp
Sean Parker, 513-534-6791