CINCINNATI--(BUSINESS WIRE)--Fifth Third Bancorp (Nasdaq: FITB) announced today that William Tyson has been hired to become co-head of Fifth Third Capital Markets, reporting to Lars Anderson, executive vice president and chief operating officer.
In addition to teaming with Bob Marcus on the overall strategic direction of the unit, Tyson will focus on driving the Bank’s growth in strategic merger and acquisition advisory services. M&A advisory services represent an expansion of capabilities and a significant growth area for Fifth Third Capital Markets to support middle market and mid-corporate clients. Fifth Third recently advised Flash Foods, Inc. on their $425 million sale to CST Brands.
Tyson will also lead new initiatives to further develop the Bank’s relationship with private equity companies.
Tyson joins Fifth Third from BB&T Capital Markets, where he most recently served as senior managing director and co-head of Investment Banking. Prior to his 18 years with BB&T and a predecessor, Scott & Stringfellow, he was a managing director at Wheat First Butcher Singer. Throughout his career in investment banking and capital markets, he has completed more than 125 capital financing and M&A advisory assignments.
“We are excited to add a leader with Bill’s experience and track record to Fifth Third,” Anderson said. “He brings extensive expertise that will directly add value to our existing client relationships and help us further establish high-quality relationships. His addition deepens our base of talent and we are excited about our prospects for future growth for our Capital Markets unit.”
Tyson holds a bachelor’s degree from the University of Virginia in finance and accounting, and graduated from the executive program at the Darden School of Business at the University of Virginia. His community involvement has included leadership roles on multiple boards for the University of Virginia, as well as board service with St. Margaret’s School and the William Byrd Community House.
“I am thrilled to join the Capital Markets team at Fifth Third,” Tyson said. “I have known Lars Anderson and Bob Marcus for decades and have always respected their level of commitment to their clients. I look forward to making an immediate contribution and helping the Bank fully capitalize on its growth prospects.”
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 services 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, Dallas, Memphis, and Nashville providing services across a variety of industries such as large corporate; mid corporate; consumer and retail; energy; gaming, lodging and leisure; healthcare; 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. The Company has $142 billion in assets and operates 1,241 full-service Banking Centers, including 95 Bank Mart® locations, most open seven days a week, inside select grocery stores and over 2,500 ATMs in Ohio, Kentucky, Indiana, Michigan, Illinois, Florida, Tennessee, West Virginia, Pennsylvania, Georgia and North Carolina. Fifth Third operates four main businesses: Commercial Banking, Branch Banking, Consumer Lending, and Investment Advisors. Fifth Third also has an 18.3% interest in Vantiv Holding, LLC. Fifth Third is among the largest money managers in the Midwest and, as of March 31, 2016, had $303 billion in assets under care, of which it managed $26 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.
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