Boston, MA 08/07/2014 (wallstreetpr) – Regions Financial Corp (NYSE:RF) push for specialized sectors has prompted it to open a new banking and capital market group that will mostly focus on clients in the financial sector. The new corporate and investment banking division will be under the leadership of, Tom Diedorff, an industry veteran, and will mostly serve clients nationwide from offices in Atlanta.
Diedorff To Lead The New Division
The new banking and capital group will provide financing in capital markets as well as strategic products and services for both insurance and insurance services companies, asset managers and specialty finance companies. Diedorff comes to the helm of the division with over 20 years’ experience in banking primarily as a financial service specialist for corporate finance merger and acquisition advisory. He will be reporting to executive vice president and head of specialized industries John Barton.
The move by Regions Financial Corp (NYSE:RF) to open the division comes as more companies in the financial sector continue to demand products and services specifically tailored for specific needs according to John Barton. The company now believes it is well-positioned under the able leadership of Diedorff to meet the needs of the growing financial services clients.
Regions Expansion Drive
Diedorff has already served in the same capacity at SunTrust where he held the position of managing director in the financial services. He also worked at Wachovia securities for 11 years covering insurance bank and thrift. J Jeff Nicolosi and Chris Whiddon and Peter Wesemeier will also be joining the company.
Regions Financial Corp (NYSE:RF) has been on an expansion drive since 2008 consequently expanding its banking and capital markets services for specialized industries. The company has already increased its stakes and interests in Energy and Natural Resources as well as Healthcare and Restaurant. The focus in this case has always been to provide reliable financing as well as strategic solutions to growing companies and capital intensive industry segments.
