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.