Comerica Bank Announces Details on New Investment Banking Group

Rhea-AI Summary

Comerica Securities has launched a new Investment Banking Group to enhance capital market solutions for its commercial and wealth management clients. This group will offer services in mergers and acquisitions and private placement advisory, expanding Comerica's service offerings nationally. Headed by Jack Maier, the team includes experienced professionals like Nicholas Amos, Jeff Wilson, and Brian Miller. Comerica reported total assets of $85.4 billion as of December 31, 2022, reflecting a strong operational base to support this new initiative.

Positive

• Launch of new Investment Banking Group to enhance service offerings.
• Addition of mergers and acquisitions and private placement advisory services.
• Experienced leadership team with backgrounds at top financial firms.
• Strategic expansion of capital markets capabilities to support client growth.

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• None.

DALLAS, Feb. 1, 2023 /PRNewswire/ -- Comerica Securities, a subsidiary of Comerica Bank, has formed a new Investment Banking Group.

This new team broadens the capital markets solutions and services Comerica offers its commercial and wealth management customers to include mergers and acquisitions, as well as private placement advisory services. The group will be national in scope, and initially has colleagues based in Comerica's headquarters in Dallas, Texas, as well as in the Detroit, Michigan, offices.

Jack Maier, Head of Investment Banking, will lead the division. Maier joined Comerica in May 2022 after serving in senior leadership roles at top-tier firms including UBS, Capstone, Credit Suisse and Donaldson, Lufkin & Jenrette (DLJ). Colleagues joining Maier on the Investment Banking team are:

• Nicholas Amos, Managing Director, Investment Banking: Amos joined Comerica in August 2022 and has more than 30 years of M&A advisory experience with leadership roles at firms that include AMS Advisors, Bear Stearns & Co., Credit Suisse and DLJ.
• Jeff Wilson, Managing Director, Investment Banking: Wilson joined Comerica in September 2022 after serving as Managing Director for American Industrial Acquisition Corporation. His more than 25 years of M&A advisory experience included various leadership roles at Houlihan Lokey.
• Brian Miller, Director, Investment Banking: Miller, a veteran at Comerica with more than 16 years of experience, joined the bank as a senior credit analyst and has ascended to various leadership roles. Most recently, he served as a Vice President in the Environmental Services Department.

"As a leading bank for business, we seek to provide our customers with a comprehensive suite of products and services," said Bill Murdock, Executive Vice President, Head of Comerica Capital Markets. "The addition of M&A and private placement advisory services is an exciting development in the growth of Comerica's capital markets capabilities, allowing us to better support our customers' achievement of their growth and ownership strategies."

Comerica Bank is a subsidiary of Comerica Incorporated (NYSE: CMA), a financial services company headquartered in Dallas, Texas, and strategically aligned by three business segments: The Commercial Bank, The Retail Bank and Wealth Management. Comerica focuses on relationships, and helping people and businesses be successful. In addition to Texas, Comerica Bank locations can be found in Michigan, California, Florida and Arizona. Additionally, Comerica has select businesses operating in Canada and Mexico. Comerica reported total assets of $85.4 billion as of Dec. 31, 2022.

Services are offered through Comerica Securities, Inc., which is a broker/dealer, federally Registered Investment Advisor, member FINRA/SIPC and subsidiary of Comerica Bank.

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SOURCE Comerica Bank

FAQ

What is the newly formed Investment Banking Group at Comerica (CMA)?

The Investment Banking Group is a new division at Comerica Securities that offers mergers and acquisitions and private placement advisory services.

Who leads the new Investment Banking Group for Comerica (CMA)?

Jack Maier is the Head of Investment Banking at Comerica and leads the newly formed group.

When was the Investment Banking Group at Comerica (CMA) announced?

The Investment Banking Group was announced on February 1, 2023.

What services does Comerica's new Investment Banking Group provide?

The group provides services in mergers and acquisitions as well as private placement advisory.

What are the total assets reported by Comerica (CMA)?

Comerica reported total assets of $85.4 billion as of December 31, 2022.