Fifth Third Bank Appoints Jeff Korzenik as Chief Investment Strategist

CHICAGO, March 14, 2012 /PRNewswire/ -- Fifth Third Bank Chicago today announced that Jeff Korzenik, director of regional portfolio management for the bank's Midwest region, has been appointed chief investment strategist. In this role, Korzenik will manage the overarching strategy of Fifth Third's Investment Management Group throughout the country.

"This move enhances our leadership capabilities in investment advising and our ability to provide clients with strategic financial insights and analysis," says Phil McHugh, executive vice president and head of Fifth Third Private Bank. "

Korzenik is a sought after public speaker who regularly delivers economic outlook presentations to business groups throughout the country. He is also a regular contribution to the Chicago Tribune and other publications, including Boston Business Journal, The Boston Globe, Business Week, Die Zeit and Wall Street Journal, among others. He has also been interviewed extensively on television and radio on the economy and financial related topics.

"Jeff has an impressive background and has carved out a terrific niche as someone who can give historical and global context to today's financial challenges and opportunities," says Robert A. Sullivan, CEO and president, Fifth Third Bank Chicago. 

With 25 years of experience in investment advising, Korzenik joined Fifth Third Bank in 2009. He earned his bachelor's degree in economics from Princeton University. Jeff currently serves on the President's Leadership Council of The Field Museum and the board of overseers of the Peabody Essex Museum.

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 1,316 full-service Banking Centers, including 105 Bank Mart® locations open seven days a week inside select grocery stores and 2,417 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 49% interest in Vantiv, LLC, formerly Fifth Third Processing Solutions, LLC. Fifth Third is among the largest money managers in the Midwest and, as of December 31, 2011, had $282 billion in assets under care, of which it managed $24 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.

CONTACT:

Andrew Hayes

 

312-823-4333

SOURCE Fifth Third Bank Chicago



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