Fifth Third Bank formed a new structure within its commercial bank. The new structure is designed to empower the bank to serve clients with a broader array of services, including more complex financial activities and expert investment advice.
“This structure integrates key sales functions and coverage teams under one umbrella, which streamlines how we operate and enables us to serve the dynamic needs of our clients more effectively,” Kevin P. Lavender, head of commercial banking for Fifth Third, said. “This organizational structure positions the commercial bank for future growth and opportunity.”
Kevin Khanna will lead the new structure as the head of corporate and investment banking. Fifth Third’s new corporate and investment banking division supports industry-specific verticals including consumer and retail, energy, financial institutions, healthcare, technology, media, telecom and entertainment, aerospace, defense and transportation and metal, materials and construction.
The division will also encompass the investment banking, corporate finance and advisory and financial sponsors groups that have been long running efforts at the bank. This combination will bring together industry expertise, expert advisory services and private equity relationships.
“This alignment enhances our competitive edge,” Khanna said. “It recognizes our growth as a bank and how we are positioned in the industry for further success. Critically, this structure keeps our clients at the center of everything we do and makes it easier to provide the advice and support they seek.”
