Randy Paine, the President of KeyCorp (KEY), Interviews with The Wall Street Transcript

Wall Street Transcript

67 WALL STREET, New York - July 7, 2014 - The Wall Street Transcript has just published its Banking Review 2014 Report offering a timely review of the sector to serious investors and industry executives. This special feature contains expert industry commentary through in-depth interviews with public company CEOs and Equity Analysts. The full issue is available by calling (212) 952-7433 or via The Wall Street Transcript Online.

Topics covered: Banking Review 2014

Companies include: KeyCorp (KEY) and many more.

In the following excerpt from the Banking Review 2014 Report, the President of KeyCorp (KEY) discusses company strategy and the outlook for this vital industry:

TWST: Can you begin with an introduction to KeyBanc Capital Markets, including some highlights from the history of that segment of the business, and an overview of the services you offer?

Mr. Paine: KeyBanc Capital Markets is an integrated, corporate and investment banking firm that serves middle-market companies primarily in the U.S. The firm was formed as result of KeyCorp's acquisition of McDonald Investments, which took place in 1998. In 2003, we combined the investment banking business that was a part of McDonald Investments with the large corporate-lending business that was housed at KeyCorp and formed KeyBanc Capital Markets. We made that decision because we saw an opportunity in the market.

We believed that middle-market companies were not being well-served in a number of ways. One, large bulge-bracket investment banking firms weren't paying attention to middle-market companies, and two, boutique investment banking firms don't have the capabilities to serve all the needs of middle-market companies. Our strategy was, and still is, to exploit our unique ability to serve the broad set of corporate and investment banking needs of middle-market companies, and we've been on that path over the last 10-plus years.

TWST: Are there any parts of the business, whether it's a certain vertical or a certain type of service, in which you see good opportunities for growth? And how are you positioning the company to take advantage of those particular opportunities?

For more of this interview and many others visit the Wall Street Transcript - a unique service for investors and industry researchers - providing fresh commentary and insight through verbatim interviews with CEOs, portfolio managers and research analysts. This special issue is available by calling (212) 952-7433 or via The Wall Street Transcript Online.

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