Comerica in Dallas has formed a national investment banking group within its Comerica Securities unit.
The $85 billion-asset company said in a press release that the new team will offer M&A and private placement advisory services to its commercial and wealth management clients.
Jack Maier, head of investment banking, will lead the group.
“As a leading bank for business, we seek to provide our customers with a comprehensive suite of products and services,” Bill Murdock, head of Comerica Capital Markets, said in the release.
“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,” Murdock said.
The group will initially operate out of offices in Dallas and Detroit.