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Stephen Mullins Named President Of FTAM

Stephen Mullins, CFA, has been hired as president of Fifth Third Asset Management, Inc. (FTAM), a wholly-owned subsidiary of Fifth Third Bank.

Mullins joins FTAM with more than 33 years of asset management and investment advising experience. He previously served as a senior executive with Lanier Asset Management, Mainstream Investment Advisors, INVESCO and National Asset Management. He will report directly to Phil McHugh, executive vice president and head of Fifth Third Investment Advisors.

“With significant institutional asset management experience, Steve is a great fit to lead FTAM as we have positioned the firm for future growth. His strong investment background will enhance our team as we continue to guide our clients to achieve their long-term investment goals,” said McHugh.

Mullins is a Chartered Financial Analyst (CFA) and earned his bachelor’s degree in finance from the University of Louisville and his Master of Business Administration from Bellarmine University in Louisville. Click here to view Mullins’ full bio.

“I look forward to working with FTAM’s accomplished team of professionals and leading the firm toward continued growth with a strong focus on providing effective and innovative investment strategies for clients,” said Mullins.

About Fifth Third Asset Management

Fifth Third Asset Management, Inc. (FTAM) provides investment advisory services for institutional clients. FTAM offers a diversified asset management product line utilizing commingled funds and separate accounts. Through teams of experienced and knowledgeable investment professionals, advanced research resources and disciplined investment processes, our goal is two-fold: produce superior, long-term investment results and client satisfaction. FTAM is headquartered in Cincinnati, Ohio with offices in Grand Rapids, Michigan, Cleveland, Ohio, Minneapolis, Minnesota and Pittsburgh, Pennsylvania. As of September 30, 2012, FTAM had over $8.4 billion in assets under management.

About Fifth Third Bancorp

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 1,325 full-service Banking Centers, including 106 Bank Mart® locations open seven days a week inside select grocery stores and 2,412 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 33% 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.

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Copyright Business Wire 2010

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