Josh Van Manen has been promoted to lead Fifth Third Bank’s sponsor leveraged finance group as a managing director, the firm announced. The group focuses on companies with Ebitda of $10 million to $75 million.
Fifth Third Bank Promotes Josh Van Manen
to Head of Sponsor Leveraged Finance Group
Cincinnati – Fifth Third Bank has promoted Josh Van Manen to head and managing director of the Bank’s Sponsor Leveraged Finance Group. In this role, Josh will lead a team focused on leveraged finance for buyouts, acquisitions, refinancing and recapitalizations of sponsor-owned, middle market companies throughout the United States. This group concentrates on companies with $10 million to $75 million in earnings before interest, taxes depreciation and amortization (EBITDA).
“Josh has played an integral role in developing this team since its formation in 2009 and has continued to lead the team toward continued growth,” said Neil Prendergast, senior vice president of Corporate Banking for Fifth Third. “Josh’s strong background in structured finance and commercial banking make him an excellent choice to lead this growing segment for the Bank.”
Van Manen has worked for Fifth Third Bank for more than 12 years in the Structured Finance Group as a team lead and a relationship manager in Fifth Third Bank (Chicago), and he started the group’s western region in Denver. Prior to joining Fifth Third, Van Manen worked for Old Kent Bank and graduated from Baylor University in Waco, Texas.
Fifth Third Bancorp is a diversified financial services company headquartered in Cincinnati, Ohio. The Company has $117 billion in assets and operates 15 affiliates with 1,324 full-service Banking Centers, including 105 Bank Mart® locations open seven days a week inside select grocery stores and 2,401 ATMs in Ohio, Kentucky, Indiana, Michigan, Illinois, Florida, Tennessee, West Virginia, Pennsylvania, Missouri, Georgia and North Carolina. Fifth Third operates four main businesses: Commercial Banking, Branch Banking, Consumer Lending, and Investment Advisors. Fifth Third also has a 39% interest in Vantiv Holding, LLC. Fifth Third is among the largest money managers in the Midwest and, as of September 30, 2012, had $300 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® National Global Select Market under the symbol “FITB.” Lending is subject to credit review and approval. Fifth Third Bank. Member FDIC.