ATLANTA, Aug. 21, 2014 /PRNewswire/ -- FIG Partners, one of the nation's premier investment banking and research firms specializing in community banks, today announced that Senior Managing Principal Adam Desmond has been named Head of Corporate Development and Matt Veneri has been named Managing Principal and Co-Head of Investment Banking.
Desmond, Co-Founder and previously Co-Head of investment banking, will step into a newly created position to help develop new business relationships and deepen existing ones with financial institutions, investors and strategic partners.
Matt Veneri, who joined FIG Partners in 2005, will co-lead the firm's growing investment banking business with Greg Gersack, Senior Managing Principal. Veneri will focus on M&A and join FIG's management team. Gersack will continue to oversee FIG's capital raising business.
"In their new roles, Adam and Matt will make even greater contributions to FIG Partners and help us meet the accelerating demand for our services from community banks across the United States," said Geoffrey Hodgson, CEO and Senior Managing Principal of FIG Partners. "By strengthening our management team, FIG Partners will have more capacity to scale and grow."
Veneri has 17 years of financial services experience. He has been involved in over 75 whole-bank transactions totaling more than $3.5 billion in deal value and branch transactions totaling several hundred million dollars in deposits.
"Matt will be a terrific addition to the management team and will play a key part in taking FIG's investment banking group to the next level," Desmond said. "Matt's well-deserved promotion will give me more time to develop business relationships and ensure that clients understand all of our investment banking, research, fixed-income, sales and equity trading capabilities."
About FIG Partners
FIG Partners LLC is one of the nation's premier investment banking and research firms specializing in community banks. Founded in 2003, FIG's award-winning research team follows more than 200 bank stocks in the U.S. The firm's investment banking unit has raised more than $2 billion in equity and advised on more than $8 billion in M&A since 2007. FIG's trading and sales team serves as market maker for more than 750 bank stocks and has relationships with 400 institutional investors. FIG's fixed-income unit offers a full range of trading, advisory and valuation services. Headquartered in Atlanta, FIG has offices in Chicago, San Francisco, Los Angeles, New Jersey and Raleigh, North Carolina. For more information, call 404.601.7200 or visit www.figpartners.com.
SOURCE FIG Partners