CHICAGO–(BUSINESS WIRE)–Hovde Group, LLC, a leading full service investment bank and broker dealer that provides investment banking, capital markets, equity research, and sales and trading services focused on the financial services sector, today announced that it has added Michael F. Barry as Senior Managing Director & Head of Northeast/Mid-Atlantic Investment Banking to its Depository practice.
Barry will be based in Hovde’s Southport, Connecticut office and will be responsible for providing investment banking services, including M&A advisory and capital markets solutions, to depository institutions throughout the Northeast and Mid-Atlantic. Barry has over 35 years of experience advising depository institutions, most recently serving as Managing Director for Performance Trust Capital Partners, LLC. Over his career, Barry has advised on over 100 announced bank M&A transactions, with an aggregate value of over $170 billion, and over 80 public or private bank debt or equity transactions, raising over $55 billion in the aggregate. Prior to joining Performance Trust, Barry held various positions in the Financial Institutions Groups of Piper Jaffray, Sterne Agee, Stifel Nicolaus and Merrill Lynch, where Barry spent more than 13 years and was most recently the Head of U.S. Depository Group.
“We’ve known Michael for many years, as well as competed against him on many deals, and have followed his success throughout the country,” commented Kirk Hovde, Managing Principal & Head of Investment Banking. “In continuing to evaluate growth opportunities for our firm, we see the addition of Michael as a natural fit to strengthen our Northeast & Mid-Atlantic presence given his extensive experience and above all else his reputation to deliver excellent service to his clients.”
Barry added, “Over the last decade, I’ve watched Hovde Group continue to grow with the addition of Capital Markets, Research and Sales & Trading. More recently, I’ve watched them continue to bolster their already top tier Investment Bank with the addition of numerous senior bankers. The combination of Hovde’s platform and culture made the decision to join Hovde an easy one. I’m excited to get back to a full-suite investment bank that will allow me to leverage my client relationships with the resources of a firm that is consistently ranked as one of the most active M&A and Capital Markets advisors.
