Conditions are proving attractive for regional investment banks in the US to build organically or through acquisitions – and sometimes via the middle ground of bringing in a team from another firm.
The last few months have seen Capital One announce the acquisition of investment banking boutique KippsDeSanto; Regions Bank absorb investment adviser Highland Associates; and Fifth Third take on a San Francisco-based renewables team from MVP Capital, another investment banking boutique.
The new Fifth Third group comprises 12 bankers and will complement the firm’s 13-strong renewable energy finance practice.
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