Fifth Third Bancorp announced today that Fifth Third Securities, Inc.
(Fifth Third Securities) has agreed to bring Challenger Capital Group’s
team of M&A professionals to Fifth Third Securities. The team, headed by
Mike Burr, has a strong track record of success in advising middle
market companies on a wide range of strategic transactions including
M&A, and accessing the capital markets.
As employees of the Capital Markets division of Fifth Third Securities,
Burr and his team will provide capital markets and M&A advisory services
to clients. The agreement was finalized after a two year period during
which Fifth Third Securities solely referred M&A and strategic advisory
clients to Challenger Capital Group.
“The addition of Mike Burr and his talented team is a major step forward
for our M&A business,” said Bob Marcus, Managing Director and Head of
Capital Markets. “Mike and his team will be instrumental in the
execution of our strategy to bring unique and differentiated capital
markets advice and execution capabilities to our middle market clients
Burr and his team bring experience in a wide range of industries
including: consumer products, energy, entertainment, food service,
healthcare, industrial products, media, natural gas, oilfield service,
publishing, retail, and telecom sectors.
“The Challenger team is excited to join Fifth Third’s Capital Markets
Group. The opportunity to formally align our M&A and capital raising
capabilities, with an organization committed to delivering client-based
corporate finance solutions is very compelling,” said Mike Burr,
President of Challenger Capital. “We’ve had the opportunity to partner
with Bob and his team of bankers during the last two years. This step is
reflective of our confidence in the strategic capabilities that Fifth
Third Securities is building.”
Fifth Third Securities is an indirect wholly-owned subsidiary of Fifth
Third Bancorp and offers full service retail brokerage services to
individual clients and broker dealer services to the institutional
marketplace. The Capital Markets division provides full-service
investment banking, debt underwriting, and capital markets capabilities
to clients of Fifth Third Securities and its affiliates.
Fifth Third Bancorp is a diversified financial services company
headquartered in Cincinnati, Ohio. The Company has $130 billion in
assets and operates 17 affiliates with 1,311 full-service Banking
Centers, including 104 Bank Mart® locations, most open seven days a
week, inside select grocery stores and 2,614 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 26% interest in
Vantiv Holding, LLC. Fifth Third is among the largest money managers in
the Midwest and, as of March 31, 2014, had $281 billion in assets under
care, of which it managed $26 billion for individuals, corporations and
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.
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
Insurance products made available through Fifth Third Insurance Agency,
Fifth Third Bancorp
Sean Parker, 513-534-6791
Source: Fifth Third Bancorp