By Michael Dabaie
Fifth Third Bancorp (FITB) hired Timothy Beach, Ari Citrin and Oliver Janssen, formerly of MVP Capital, as managing directors to lead its new Renewable Energy Investment Banking Group.
Based in San Francisco, the Renewable Energy Investment Banking Group composed of more than 10 professionals will report to Rob Schipper, head of Investment Banking, the banking company said.
Since 2012, Fifth Third has provided financing for solar projects, including large utility-scale projects, distribution generation and community solar, in more than 25 states for middle-market companies.
"Renewable energy capacity and generation has grown exponentially and we believe that will continue," said Eric Cohen, vice president and group head of Fifth Third's Renewable Energy Finance Group.
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