News Column

Hovde Group Expands Its Capital Markets and Equity Research Platform with the Addition of Experienced Bank Professionals

June 18, 2014

CHICAGO--(BUSINESS WIRE)-- Hovde Group (“Hovde”), a leading U.S. financial advisory group that provides a full-service suite of investment banking, capital markets, and financial advisory services focused exclusively on the banking industry, announced today the continued expansion of its capital markets and equity research platform, with the additions of industry veterans, Joseph Fenech and Kevin Fitzsimmons who join as Managing Directors in the Equity Research Group, responsible for leading equity research coverage of the U.S. bank sector; and Michael Hedrei and Matt Shields, who join as Directors in the Equity Capital Markets Group, responsible for equity sales, market making and trading execution for the firm.

"The addition of such an experienced and respected group of professionals who have been at the forefront of servicing financial institutions and the investment community for over a decade with respect to the bank sector, is a tremendous opportunity for the firm, particularly at a time when the choices available to banks and investors within this space have been limited,” said Steven Hovde, Chief Executive Officer of Hovde Group. “We've invested significantly in our platform over the past year to bring new ideas, fresh talent, and broader service offerings to our clientele. Recruiting highly regarded and knowledgeable professionals of the caliber represented by this group of professionals underscores Hovde Group’s continuing commitment to build the very best investment banking and equity capital markets platform serving banks and the investment community at large, and demonstrates our ongoing commitment to making sure our clients have best in class financial advice and execution.”

Mr. Fenech brings to Hovde over 15 years of experience covering the financial services sector as an equity research analyst and former investment banker. Mr. Fenech joins Hovde from Sandler O’Neill & Partners, L.P., in New York, where he was a Managing Director in its research department covering banks across all regions of the U.S. for the past 10 years. Previously, he was an Assistant Vice President of Equity Research at Prudential Equity Group, LLC (NY), and a research analyst at Deutsche Bank Alex Brown in NY. Prior to that, Mr. Fenech worked at Sandler O’Neill, as an associate in the investment banking department, covering equity capital markets financing activities for banking, including initial public offerings and mutual-to thrift conversions. He graduated with a Bachelors in Finance from James Madison University. He has been also previously ranked as a top stock picker by The Wall Street Journal in its “Best on the Street” analyst survey.

Mr. Fitzsimmons brings to Hovde over 20 years of financial industry and equity research experience and also joins from Sandler O’Neill & Partners, L.P., in New York, where he was a Managing Director in its research department covering banks, principally in the Eastern U.S. for the past 11 years. Previously, he was an Equity Research Analyst at Prudential Securities and Credit Suisse First Boston (NY) for 5 years, and also served as a commercial bank examiner for the Federal Reserve Bank of Boston. He was also a Lieutenant in the United States Navy. He graduated with his MBA, magna cum laude from the University of Notre Dame with a concentration in Finance and also holds his Bachelors in Finance from Notre Dame. He has been also previously ranked #1 among commercial banking analysts by The Wall Street Journal.

Mr. Hedrei brings to Hovde over 10 years of financial industry experience covering bank stocks, and joins Hovde from FIG Partners, where he was responsible for expanding the firm’s equity capital markets business. As an experienced institutional equity salesman, Mr. Hedrei brings deep knowledge and experience working with banks and institutional equity managers across the country and significantly expands Hovde’s distribution platform. Additionally, Mr. Hedrei deals with public community banks and thrifts through sales, trading, buybacks and capital formation. Mr. Hedrei previously worked with Howe Barnes Hoefer & Arnett in equity sales & trading, and was formerly with Raymond James & Associates in private client services, and the Chicago Board of Trade on the 30-year bond-trading floor. Mr. Hedrei graduated with a Bachelors in Finance and Communications from Lake Forest College.

Mr. Shields brings to Hovde over 10 years of financial industry capital markets and trading experience, and also joins from FIG Partners, where he served as a head trader and market maker covering bank stocks nationwide. As an experienced equity capital markets trader and execution professional, Mr. Shields’ brings with him tremendous expertise in the bank sector which allows him to offer deep market insight and effectively cover and execute strategies for bank and institutional clients. Mr. Shields was formerly a founding member of The Benchmark Co. where he was responsible for institutional sales and trading. Mr. Shields received his MBA from the University of Georgia, and graduated with a Bachelors in Economics and Legal Studies from Ithaca College.

“The tremendous background and experience that each of these individuals brings to Hovde will immediately enhance the entire platform, and will allow us to quickly capture market opportunities and fill gaps that other firms are unable to presently fulfill. We are excited by the direction of our firm, and what the addition of these new capabilities means for the future. We have had an overwhelmingly positive response from existing and prospective clients regarding these capabilities and expect that will continue to translate into continued success for our clients. We pride ourselves on offering our professionals attractive, entrepreneurial opportunities which permit them to make immediate and substantial contributions to our franchise, and we expect to continue to add exceptionally talented, senior professionals to our team in the days ahead to further complement our already deep bench of experienced banking professionals,” commented David Magli, Chief Operating Officer and General Counsel of Hovde Group. “The addition of equity research, sales and trading, and market making to our platform, will ensure that we can readily respond to and meet the needs and challenges facing our clients in the marketplace well into the future.”

About Hovde Group

Hovde GroupSM is a leading U.S. financial advisory group that provides a full-service suite of investment banking, capital markets, and financial advisory services focused exclusively on the banking and thrift industry. As a leading advisor in the banking sector for over 25 years, Hovde Group consistently ranks among the top firms in mergers and acquisitions and capital markets transactions for U.S.-based banks and thrifts.

With offices in Chicago (847.991.6622), Los Angeles (312.535.9200), Washington D.C. (301.983.1897), West Palm Beach (561.279.7199), Austin (512.478.7575), and Atlanta (866.971.0961), Hovde’s experienced and dedicated professionals can provide clients across all 50 states with the expertise, resources and focus necessary to structure, negotiate and successfully close strategic transactions.

For further information, please visit our website at: http://www.hovdegroup.com.




Hovde Group, LLC

Steven D. Hovde, Chief Executive Officer

847-991-6622

shovde@hovdegroup.com

or

Hovde Group, LLC

David Magli, Chief Operating Officer & General Counsel

847-991-6622

dmagli@hovdegroup.com





Source: Hovde Group


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