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UMB Institutional Banking Continues Growth, Unveils UMB Bank, n.a. Capital Markets Division
KANSAS CITY, Mo.--(BUSINESS WIRE)-- UMB Bank, n.a., a subsidiary of UMB Financial Corporation (Nasdaq: UMBF), today announces a newly rebranded UMB Bank,
About this update from Umb Financial Corporation
[{"type":"text","content":" KANSAS CITY, Mo.--(BUSINESS WIRE)--\nUMB Bank, n.a., a subsidiary of UMB Financial Corporation (Nasdaq: UMBF), today announces a newly rebranded UMB Bank, n.a. Capital Markets Division. Previously known as UMB Bank Investment Banking Division, the UMB Bank Capital Markets Division will deliver a full range of innovative capital solutions, supported by a broad and diverse investor base of bank and non-bank institutional networks in the United States.\n\nThe establishment of UMB Bank’s Capital Markets Division follows tremendous growth of the investment banking business, which earlier this year opened a new office in New York City—the eleventh office to support the team’s national operations. The group also continues to ascend on Bloomberg’s league tables for competitive underwriting, placing in the top 25 while growing market share by 44 percent in 2020.\n\n“We are excited to announce the Capital Markets Division, which continues to deliver our full range of innovative capital solutions and fully conveys the extensive amount of services UMB Bank can offer clients,” said Jim Cornelius, president of Institutional Banking, UMB Bank. “Our service-first approach, paired with our market insight, strong underwriting capabilities and consistent capital backing uniquely positions the Capital Markets Division to serve financial institutions, municipalities, corporations, higher education institutions and other public and not-for-profit organizations across the country.”\n\nThe UMB Bank Capital Markets Division provides access to the following services:\n\nFixed income sales and trading: The Capital Markets Division specializes in fixed-income distribution for financial institutions and corporations, both in the primary and secondary market, to meet liquidity and investment goals. UMB Bank’s diverse network includes active and longstanding relationships with Tier I, Tier II, Tier III and Tier IV institutional investors. Additional fixed income trading services are offered by certain Capital Markets Division associates through UMB Financial Services, Inc. (UMBFSI), an affiliate of UMB Bank and a subsidiary of UMB Financial Corporation.\n\nPublic finance group: The Capital Markets Division offers multiple financing structures that allow issuers to efficiently access the marketplace to meet their capital needs. The public finance group, also ...