Exclusive: US Bank, KeyBanc Capital Markets and Fifth Third Securities join DirectBooks

Dan Barnes

US Bank, KeyBanc Capital Markets, and Fifth Third Securities have joined the DirectBooks platform, increasing the total to 22 global underwriters on DirectBooks.

Jimmy Whang, head of credit and municipal fixed income, at US Bank said, “Leveraging innovative technology solutions is core to our commitment at US Bank to enhancing transparency and efficiency for our issuing and investing clients. We are excited to join the DirectBooks platform and work closely with our banking peers to deliver a more simplified and efficient tool for our primary market clients.”

In April, DirectBooks celebrated the one-year anniversary of its Euro and Sterling Investment Grade go-live and welcomed its 200th institutional investor counterparty to the user community.

“We are pleased to welcome these three important institutions to our growing community of underwriters,” said DirectBooks CEO, Rich Kerschner. “We look forward to enabling US Bank, KeyBanc Capital Markets, and Fifth Third to evolve their primary issuance workflow via the world-class DirectBooks communications platform.”

Gary Andrews, head of syndicate fixed income, KeyBanc Capital Markets, added, “We are always looking for opportunities to further improve the efficiency and transparency of the new issue process for both our clients and the investor community. Technology and innovation remain at the forefront of those efforts, so we’re excited to join the DirectBooks platform as we strive to provide superior service and execution for our clients.”

“Fifth Third is focused on keeping our clients at the centre of all we do,” said Bob Marcus, executive vice president, and head of capital markets at Fifth Third Securities. “We’re dedicated to supporting our clients and bringing them best-in-class solutions and experiences. Joining the integrated DirectBooks platform is an exciting next step in our commitment to seamless debt execution. Through the platform, Fifth Third will offer increased transparency and a more efficient exchange of information throughout the new issue deal process to the benefit of our corporate issuer and institutional fixed income investor clients.”

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