Texas Capital Announces Expansion of Corporate and Investment Banking Division
Texas Capital Securities (NASDAQ: TCBI) has announced a major expansion of its Corporate and Investment Banking division, strengthening its position as Texas's premier full-service financial services firm. The company has made significant senior hires across multiple divisions including:
In Capital Markets: Bob Chen from Guggenheim Partners to lead Capital Markets and Holly Smyth from B. Riley Securities as Co-Head of Private Capital. In Investment Banking: Jon Merriman and Ryan Bernath from B. Riley Securities to lead Equities and Investment Banking sector coverage respectively. In Equity Sales & Research: Matt Johnson from Performance Edge Partners and Alex Rygiel from B. Riley Securities.
The company plans to expand geographically by opening offices in Los Angeles and Chicago, and relocating its New York City office, while maintaining its Dallas trading operations.
Texas Capital Securities (NASDAQ: TCBI) ha annunciato una significativa espansione della sua divisione Corporate e Investment Banking, rafforzando la sua posizione come principale società di servizi finanziari a servizio completo del Texas. L'azienda ha effettuato importanti assunzioni di alto livello in diverse divisioni, tra cui:
In Capital Markets: Bob Chen da Guggenheim Partners per guidare Capital Markets e Holly Smyth da B. Riley Securities come Co-Responsabile del Private Capital. In Investment Banking: Jon Merriman e Ryan Bernath da B. Riley Securities per guidare rispettivamente la copertura dei settori Equities e Investment Banking. In Equity Sales & Research: Matt Johnson da Performance Edge Partners e Alex Rygiel da B. Riley Securities.
L'azienda prevede di espandersi geograficamente aprendo uffici a Los Angeles e Chicago, e trasferendo la sua sede di New York City, mantenendo al contempo le operazioni di trading a Dallas.
Texas Capital Securities (NASDAQ: TCBI) ha anunciado una importante expansión de su división de Banca Corporativa e Inversiones, fortaleciendo su posición como la principal firma de servicios financieros de servicio completo en Texas. La compañía ha realizado contrataciones senior significativas en varias divisiones, incluyendo:
En Capital Markets: Bob Chen de Guggenheim Partners para liderar Capital Markets y Holly Smyth de B. Riley Securities como Cojefa de Private Capital. En Investment Banking: Jon Merriman y Ryan Bernath de B. Riley Securities para liderar la cobertura sectorial de Equities y Banca de Inversión, respectivamente. En Equity Sales & Research: Matt Johnson de Performance Edge Partners y Alex Rygiel de B. Riley Securities.
La compañía planea expandirse geográficamente abriendo oficinas en Los Ángeles y Chicago, y reubicando su oficina en la ciudad de Nueva York, mientras mantiene sus operaciones de trading en Dallas.
Texas Capital Securities (NASDAQ: TCBI)는 기업 및 투자은행 부문의 대대적인 확장을 발표하며 텍사스 최고의 종합 금융 서비스 회사로서의 입지를 강화했습니다. 회사는 다음 부문에서 주요 고위 인사를 다수 영입했습니다:
자본 시장(Capital Markets) 부문에서는 Guggenheim Partners 출신 Bob Chen이 자본 시장을 이끌고, B. Riley Securities 출신 Holly Smyth가 프라이빗 캐피탈 공동 책임자로 합류했습니다. 투자은행(Investment Banking) 부문에서는 B. Riley Securities 출신 Jon Merriman과 Ryan Bernath가 각각 주식 및 투자은행 섹터 커버리지를 담당합니다. 주식 판매 및 리서치(Equity Sales & Research) 부문에는 Performance Edge Partners 출신 Matt Johnson과 B. Riley Securities 출신 Alex Rygiel이 합류했습니다.
회사는 로스앤젤레스와 시카고에 사무소를 열고 뉴욕 사무소를 이전하는 등 지리적 확장을 계획하며, 달라스의 트레이딩 운영은 유지할 예정입니다.
Texas Capital Securities (NASDAQ: TCBI) a annoncé une expansion majeure de sa division Corporate et Investment Banking, renforçant ainsi sa position en tant que principale société de services financiers à service complet du Texas. La société a réalisé des recrutements seniors importants dans plusieurs divisions, notamment :
En Capital Markets : Bob Chen, en provenance de Guggenheim Partners, pour diriger Capital Markets, et Holly Smyth, de B. Riley Securities, en tant que co-responsable du Private Capital. En Investment Banking : Jon Merriman et Ryan Bernath, tous deux de B. Riley Securities, pour diriger respectivement la couverture des secteurs Equities et Investment Banking. En Equity Sales & Research : Matt Johnson de Performance Edge Partners et Alex Rygiel de B. Riley Securities.
La société prévoit une expansion géographique en ouvrant des bureaux à Los Angeles et Chicago, et en déplaçant son bureau de New York, tout en maintenant ses opérations de trading à Dallas.
Texas Capital Securities (NASDAQ: TCBI) hat eine bedeutende Erweiterung seiner Abteilung für Corporate und Investment Banking angekündigt und stärkt damit seine Position als führendes Full-Service-Finanzdienstleistungsunternehmen in Texas. Das Unternehmen hat bedeutende Senior-Einstellungen in mehreren Abteilungen vorgenommen, darunter:
Im Capital Markets: Bob Chen von Guggenheim Partners übernimmt die Leitung von Capital Markets und Holly Smyth von B. Riley Securities wird Co-Leiterin des Private Capital. Im Investment Banking: Jon Merriman und Ryan Bernath von B. Riley Securities übernehmen jeweils die Führung der Bereiche Equities und Investment Banking. Im Equity Sales & Research: Matt Johnson von Performance Edge Partners und Alex Rygiel von B. Riley Securities.
Das Unternehmen plant eine geografische Expansion durch die Eröffnung von Büros in Los Angeles und Chicago sowie die Verlegung seines Büros in New York City, während die Handelsaktivitäten in Dallas erhalten bleiben.
- Strategic expansion of services and capabilities in Corporate and Investment Banking
- Successful recruitment of multiple senior executives with 20-35 years of experience from major firms
- Geographic expansion with new offices in Los Angeles and Chicago
- Strengthening of multiple divisions including Capital Markets, Investment Banking, and Equity Sales & Research
- None.
Insights
Texas Capital is substantially expanding investment banking capabilities through senior hires and new offices, transforming from regional lender to diversified financial services firm.
Texas Capital's significant expansion of its Corporate and Investment Banking division reveals a strategic transformation beyond its traditional commercial banking roots. The company is methodically building out a full-service investment bank through a series of notable senior hires with impressive pedigrees from established firms including Guggenheim Partners, B. Riley Securities, Barclays, and Lehman Brothers.
The expansion targets every critical function of a modern investment bank:
- Capital Markets (including leveraged finance and syndications)
- Investment Banking Coverage
- Equity Sales and Trading
- Equity Research
- Corporate Access
The geographic expansion is equally telling - with new offices planned for Los Angeles and Chicago, plus a relocated New York office, while maintaining its Dallas trading operations. This multi-market presence positions Texas Capital to compete for business across major financial centers while leveraging its Texas heritage as a differentiator.
The bank's strategic intent is clearly articulated in the leadership statements, positioning itself as the "premier full-service financial services firm headquartered in Texas" with aspirations to be the "first call" for business owners and executives. This suggests Texas Capital sees a market opportunity to serve clients seeking sophisticated investment banking services from a Texas-based institution.
From an industry perspective, this expansion aligns with broader trends among regional banks seeking to diversify revenue streams beyond traditional interest income. Investment banking offers potentially lucrative fee-based revenue, though building credible capabilities requires time to develop relationships and transaction history.
While this ambitious buildout presents growth opportunities through service diversification, investment banking also introduces cyclicality and execution challenges. The extensive hiring of seasoned professionals with 25-35 years of experience likely represents a significant fixed cost commitment that will take time to generate proportional returns.
Significant platform investments support advisory, capital markets and trading capabilities
DALLAS, May 07, 2025 (GLOBE NEWSWIRE) -- Texas Capital Securities, a subsidiary of Texas Capital Bancshares, Inc. (NASDAQ: TCBI), today announced a significant expansion of the services offered by its Corporate and Investment Bank. The additions to personnel and corresponding enhancements in capabilities build upon the firm’s existing industry-focused Corporate Banking expertise, with significant impact on the breadth and reach of the Investment Bank in advisory and capital markets services. With the addition of professionals across Investment Banking Coverage, Equity Sales and Trading, Equity Research and Corporate Access, Texas Capital has further solidified its status as the premier full-service financial services firm headquartered in Texas.
“We continue to build product and industry expertise on a platform that values integrity, high-quality advice and delivering tangible results for our clients,” said Rob C. Holmes, Chairman, President & CEO. “Today’s announcement reflects our dedication to serving as the ‘first call’ for business owners, executives and public company Boards of Directors seeking financial services and solutions.”
Adding to a deep bench of industry veterans and other newly hired personnel, Texas Capital’s key recent senior hires include:
Capital Markets
- Robert (Bob) Chen joined Texas Capital from Guggenheim Partners to lead the Capital Markets business, including leveraged finance, loan syndications, private capital, equity capital markets and financial sponsor coverage. He brings more than 30 years of experience leading leveraged finance teams across TMT, energy/power, consumer retail, telecom and FIG.
- Holly Smyth joined Texas Capital from B. Riley Securities to serve as Co-Head of Private Capital, advising private and public companies on debt capital structures. She brings 25 years of experience in debt capital markets and verticals including industrials, healthcare, consumer and business services.
Investment Banking Coverage
- Jon Merriman joined Texas Capital from B. Riley Securities to lead Equities. He brings more than 35 years of experience to the role, most recently serving as Chief Business Officer focused on originating and executing transactions in equity capital markets and equities trading. He is a seasoned leader with deep experience in managing fast-growing organizations, having founded, grown and sold Merriman Holdings, Inc., a boutique investment banking platform.
- Ryan Bernath joined Texas Capital from B. Riley Securities to lead Investment Banking sector coverage. He brings more than 25 years of experience to the role, most recently serving as a Senior Managing Director focused on executing a wide range of mergers and acquisitions and corporate finance transactions for large-cap, mid-cap and small-cap public companies. Prior to B. Riley, he was a senior investment banker at Barclays and Lehman Brothers.
Equity Sales, Trading & Research
- Matthew (Matt) Johnson joined Texas Capital from Performance Edge Partners to lead Equity Sales, Trading & Research. He brings more than 25 years of experience managing equity businesses for top investment banking institutions, including Barclays and Lehman Brothers. He has helped build and restructure top-tier equity businesses and led trading teams ranked number one in block trading and consistently in the top five in Institutional Investor surveys.
- Alex Rygiel joined Texas Capital from B. Riley Securities to lead Equity Research. He brings more than 30 years of experience in equity research, sales and trading with Friedman, Billings, Ramsey & Co. and Donaldson Lufkin & Jenrette.
- Deena Sullivan and Charles Moreau joined Texas Capital from Oppenheimer & Co. to co-lead Corporate Access. Each brings more than 20 years of experience facilitating impactful dialogue between public company clients and institutional investors, with prior roles encompassing sales, marketing, relationship management, corporate access, institutional equity sales and trading and equity capital markets.
To facilitate connectivity between Texas Capital clients and key financial centers in the United States, Texas Capital Securities today announced its intention to open offices in Los Angeles and Chicago and to relocate its office in New York City. Sales and trading, including corporate credit, public finance and equity underwriting and other activities, will continue to be conducted from Texas Capital’s trading floor in Dallas, Texas.
“Texas Capital is positioned to capitalize on our exceptional growth as we serve clients in Texas and beyond as a trusted advisor, intermediary and underwriter,” said Daniel Hoverman, Head of Corporate & Investment Banking. “Our ability to continue to attract market-leading talent, including to our Corporate and Investment Banking team, evidences our continued aspiration to be the dominant financial services firm in the state of Texas, while being relevant nationally and recognized internationally. The ongoing investments in our platform reflect our vision and dedication to facilitating the strategic ambitions and satisfying the increasingly sophisticated needs of our clients.”
About Texas Capital Bancshares, Inc.
Texas Capital Bancshares, Inc. (NASDAQ®: TCBI), a member of the Russell 2000® Index and the S&P MidCap 400®, is the parent company of Texas Capital Bank (“TCB”). Texas Capital is the collective brand name for TCB and its separate, non-bank affiliates and wholly owned subsidiaries. Texas Capital is a full-service financial services firm that delivers customized solutions to businesses, entrepreneurs and individual customers. Founded in 1998, the institution is headquartered in Dallas with offices in Austin, Houston, San Antonio and Fort Worth, and has built a network of clients across the country. With the ability to service clients through their entire lifecycles, Texas Capital has established commercial banking, consumer banking, investment banking and wealth management capabilities. All services are subject to applicable laws, regulations and service terms. Deposit and lending products and services are offered by TCB. For deposit products, member FDIC. For more information, please visit www.texascapital.com.
Trading in securities and financial instruments, strategic advisory, and other investment banking activities are performed by TCBI Securities, Inc., doing business as Texas Capital Securities. TCBI Securities, Inc. is a member of FINRA and SIPC and has registered with the SEC, MSRB, and other state securities regulators as a broker dealer. TCBI Securities, Inc. is a subsidiary of Texas Capital Bancshares, Inc., and an affiliate of Texas Capital Bank. All investing involves risks, including the loss of principal. Past performance does not guarantee future results. Securities and other investment products offered by TCBI Securities, Inc. are not FDIC insured, may lose value and are not bank guaranteed.
MEDIA CONTACT Julia Monter, 469.399.8425 julia.monter@texascapitalbank.com
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