This firm is gearing up in investment banking

For Hire

Someone's on the hire.

SunTrust Banks has said its investment-banking unit will establish three new offices and hire as many as 60 employees as it seeks to expand services for mid-market clients.

Bloomberg reports that SunTrust Robinson Humphrey will set up offices in Dallas, San Francisco and Chicago and expects to add 10 to 20 employees in each location by the end of next year, some of whom will work in corporate banking, Mark Chancy, head of the firm’s wholesale unit, said Monday in a phone interview.

SunTrust is focused on increasing market share in investment banking and continuing to expand its presence beyond the U.S. Southeast, Chancy said. Wholesale banking generates about 40 percent of the firm’s revenue, with a substantial portion coming from corporate banking, he said.

'There are a number of firms that have historically served the middle-market client that are no longer part of the financial-services landscape', Chancy said. 'Things that we have been a beneficiary of over the last five years are being able to add substantial talent in each one of our product areas, in our investment-banking areas and in our industry expertise'.

To access the complete Bloomberg article hit the link below:

SunTrust Hire as Many as 60 in Mid-Market Banking Push

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