This new team broadens the capital markets solutions and services Comerica offers its commercial and wealth management customers to include mergers and acquisitions, as well as private placement advisory services. The group will be national in scope, and initially has colleagues based in Comerica's headquarters in Dallas, Texas, as well as in the Detroit, Michigan, offices.
Jack Maier, Head of Investment Banking, will lead the division. Maier joined Comerica in May 2022 after serving in senior leadership roles at top-tier firms including UBS, Capstone, Credit Suisse and Donaldson, Lufkin & Jenrette (DLJ). Colleagues joining Maier on the Investment Banking team are:
"As a leading bank for business, we seek to provide our customers with a comprehensive suite of products and services," said Bill Murdock, Executive Vice President, Head of Comerica Capital Markets. "The addition of M&A and private placement advisory services is an exciting development in the growth of Comerica's capital markets capabilities, allowing us to better support our customers' achievement of their growth and ownership strategies."
Comerica Bank is a subsidiary of Comerica Incorporated (NYSE: CMA), a financial services company headquartered in Dallas, Texas, and strategically aligned by three business segments: The Commercial Bank, The Retail Bank and Wealth Management. Comerica focuses on relationships, and helping people and businesses be successful. In addition to Texas, Comerica Bank locations can be found in Michigan, California, Florida and Arizona. Additionally, Comerica has select businesses operating in Canada and Mexico. Comerica reported total assets of $85.4 billion as of Dec. 31, 2022.
Services are offered through Comerica Securities, Inc., which is a broker/dealer, federally Registered Investment Advisor, member FINRA/SIPC and subsidiary of Comerica Bank.
SOURCE Comerica Bank