Fifth Third Bank (Nasdaq: FITB) announced today that Jonathan Reynolds has been promoted to chief investment officer for Fifth Third Investment Advisors, which manages $22 billion in assets as of September 30, 2012. In this role, Reynolds will oversee the investment strategy for Fifth Third Private Bank and Institutional Services Group. He also will manage the Bank’s team of portfolio managers who are responsible for developing the portfolio strategies for Fifth Third’s individual and institutional clients.
Reynolds has served Fifth Third Bank for more than seven years. He has been managing director of Fifth Third Investment Management Group since 2009, and he will continue to serve the Bank in this capacity in addition to his role as chief investment officer. Prior to joining Fifth Third Bank, Reynolds spent 25 years in investment management and served as a head of trust and investment management and as chief investment officer for a large, global banking and financial services organization.
“Jon’s wealth of investment experience makes him the right person to lead our team of advisors toward the most appropriate investment choices to address our clients’ changing needs,” said Phil McHugh, executive vice president and head of Fifth Third Private Bank. “He is focused on providing our clients a personalized approach to investing to help them achieve their long-term financial goals.”
Reynolds earned his bachelor’s degree from Yale University and is a Chartered Financial Analyst (CFA). Click here to view Reynolds’ full bio.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 1,322 full-service Banking Centers, including 105 Bank Mart® locations open seven days a week inside select grocery stores and 2,405 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.” Fifth Third Bank. Member FDIC.