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KeyBanc Taps M&A Banker From Jefferies
KeyBanc expands its reach into private equity segment; rumors swirl that bank is ramping up its fixed income desk.
August 21, 2008
KeyBanc Capital Markets is expanding its reach into private equity, most recently having tapped former Jefferies & Co. M&A banker Christopher Porter as a managing director in its financial sponsors group. Porter will lead the bank’s East Coast efforts in investment banking with a particular focus on M&A advisory as well as leveraged finance deals for private equity clients.
Andrew Vollmer, head of the financial sponsors group for the bank, said of Porter in a statement, "His extensive relationships, sector expertise and M&A skills will enhance our position as a trusted advisor to our private equity clients."
Prior to his new assignment, Porter served as part of the M&A practices at Jefferies, Bank of America and Bear Stearns.
Sources close to KeyBanc say the firm is also in the process of growing its municipal fixed income group, having recently bolstered its team of traders, sales personnel and bankers by more than a dozen. However, details were sparse.
KeyBanc is ranked twenty-ninth in muni deals so far this year, with $1 billion in bond deals.
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