Daily News: December 1, 2017

Umpqua Bank Hires Former KeyBanc Exec to Launch Capital Markets Unit


Umpqua Bank launched Umpqua Capital Markets to support middle-market businesses focused on strategic growth and M&A opportunities. The bank hired industry veteran Chad Riddle, former director of investment banking at KeyBanc Capital Markets, to lead the new division as managing director.

“We have had some very high-powered corporate banking teams join Umpqua in the last 12 months, many of which have experience in partnering with investment bankers to deliver solutions for clients,” said Tory Nixon, Umpqua Bank’s head of Commercial and Wealth.

“The addition of a capital markets division marks another important milestone in Umpqua’s capacity to serve middle-market business customers. Our goal is to provide these businesses with remarkable, customer-centric service across their full-spectrum of needs. This includes advising them on the critical and complex decisions they face raising private capital, making acquisitions and selling their companies. Chad’s expertise, leadership and success helping middle-market companies identify and explore strategic opportunities make him an ideal fit to build this aspect of our services.”

Riddle brings nearly 20 years of investment banking experience to his new role. At KeyBanc Capital Markets, Riddle led a West Coast investment banking team focused on middle-market companies, both private and public, with expertise structuring and executing strategic M&A for customers. Before joining KeyBanc Capital Markets, Riddle spent a decade at Wells Fargo Securities, where he served as senior vice president of investment banking and managed M&A and capital markets transactions for Pacific Northwest companies.

Under Riddle’s leadership, Umpqua Capital Markets will provide strategic advice and transaction execution to growth-oriented companies, with a specific focus on M&A activity. The offering complements the bank’s expanding suite of business services targeting middle-market companies. Last fall, Umpqua Bank launched a new corporate banking division to provide dedicated resources and a full range of corporate banking products, including debt capital markets, international banking and treasury management solutions.