PE Pro Turns to Banking

Many a finance professional works his way up the investment banking ladder in hopes of one day transitioning into a career in private equity. Larry DeAngelo has done exactly the opposite of that, leaving his post as a Partner at Roark Capital to head up the financial services M&A group at Suntrust Robinson Humphrey. DeAngelo's exit from the Atlanta-based buyout firm was reported here in mid-January. He left the firm based on Roark Capital's decision to move away from financial services investing, which he specializes in. DeAngelo had joined the Atlanta-based firm in 2005 to lead its financial services investments.

25 February 2010•2 mins read
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