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Houlihan Lokey Expands Financial Institutions Coverage

November 05, 2013, 08:02 AM
Related: Houlihan Lokey

Houlihan Lokey, the international investment bank, today announced that Kimble Cannon has joined the firm as a Director in the Financial Institutions Group (FIG). He will focus on depository institutions within FIG, with a primary concentration on West Coast banks. Cannon will also focus on national depository institutions with significant mortgage or commercial finance operations as well as institutions seeking balance sheet optimization via sales of non-performing loans and other non-core asset divestitures.

Cannon joins from Gibson, Dunn & Crutcher, where he spent the last four years in the Financial Institutions Group and Corporate Transactions Group advising corporate clients on a range of bank regulatory and corporate transactions matters. He previously worked in the Financial Institutions Group at Morgan Stanley and as Counsel to Commissioner Paul S. Atkins and Senior Counsel in the Division of Enforcement at the U.S. Securities and Exchange Commission. Recent advisory mandates include providing legal advice to GE Capital and its bank subsidiaries on the acquisition of the deposits and online banking platform of MetLife Bank, Inc. in 2011 and 2012. Mr. Cannon also advised bank clients in connection with the Dodd-Frank Wall Street Reform and Consumer Protection Act, including its living wills, SIFI designation, corporate governance, Volcker Rule and capital provisions.

"Kimble brings a unique background to Houlihan Lokey and our financial institution clients, having advisory expertise not only in M&A and capital-raising, but also on regulatory and corporate governance-related matters," said Michael McMahon, Co-Head of FIG at Houlihan Lokey. "This expertise is particularly valuable to our clients seeking to execute on strategic initiatives in a highly regulated sector with a continuously changing regulatory environment," he added.

"Houlihan Lokey's financial institutions coverage group is nearly unmatched among independent advisory firms with respect to its breadth and depth of both resources and experience. I'm delighted to be joining the team, and I look forward to working with my colleagues and clients," said Cannon.

Cannon holds a B.A. from Duke University, a J.D. from the Columbia University School of Law, and an MBA from The Wharton School at the University of Pennsylvania.

Houlihan Lokey is an international investment bank with expertise in mergers and acquisitions, capital markets, financial restructuring, and valuation. The firm serves corporations, institutions, and governments worldwide with offices in the United States, Europe, and Asia. Independent advice and intellectual rigor are hallmarks of our commitment to client success across our advisory services. Houlihan Lokey is ranked globally as the No. 1 restructuring advisor, the No. 1 M&A fairness opinion advisor over the past 10 years, and the No. 1 M&A advisor for U.S. transactions under $3 billion, according to Thomson Reuters.

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