U.S. Markets open in 41 mins

Hovde Group Announces Formation of Operating Committee to Support Continued Growth and Business Momentum


Hovde Group, a leading full service investment banking firm serving the financial services sector, today announced the formation of an Operating Committee that will be responsible for the day-to-day operations of the company and implementation of its business plan.

The Operating Committee will be comprised of division leaders from across the firm and will include Head of Investment Banking Kirk Hovde, Head of Capital Markets Michael Hedrei, Head of Equity Research Joseph Fenech, and Head of Legal and Compliance David Magli. The Committee will report to Hovde Group Chairman and CEO Steven Hovde and Senior Managing Partner Nick Barbarine.

Since adding to its industry-leading M&A practice three years ago, Hovde Group has established a formidable capital markets, equity research, sales and trading platform, and, in the process, more than doubled the size of the company. After also considering the company’s strong business momentum and future growth prospects, the formation of the Committee is timely in helping to provide the management infrastructure necessary to support the next phase of growth for the business.

“The formation of this Committee represents another important step in the natural evolution of our company,” said Steven Hovde. “I’m also excited for this opportunity to highlight our deep pool of ‘next generation talent’ that should help position us well for future growth and allow us to fully capitalize on our full service capabilities in serving the financial services sector in the years to come.”

About Hovde Group

Hovde GroupSM is a leading U.S. financial advisory group that provides a full-service suite of investment banking, capital markets, and financial advisory services focused exclusively on the financial services industry. As a leading advisor in the financial services sector for nearly 30 years, Hovde Group consistently ranks among the top firms in mergers and acquisitions and capital markets transactions for U.S.-financial services companies.

With offices in Atlanta, Austin, Charlotte, Chicago, Las Vegas, Los Angeles, New York, Washington D.C., and West Palm Beach, Hovde’s experienced and dedicated professionals can provide clients across all 50 states with the expertise, resources and focus necessary to structure, negotiate and successfully close strategic transactions.

For further information, please visit our website at: http://www.hovdegroup.com.

View source version on businesswire.com: http://www.businesswire.com/news/home/20170503006771/en/