Fifth Third Bank, National Association, Names Scott Daigle as North Florida President, Cary Putrino as Region Chairman
TAMPA, Fla.--(BUSINESS WIRE)--Fifth Third Bank, National Association, (Nasdaq: FITB) has announced Scott Daigle as North Florida region president. Daigle succeeds Cary Putrino, who has transitioned into a new role as region chairman in North Florida. Putrino will focus on business development, special projects and brand ambassadorship.
'Cary has exemplified what strong regional leadership looks like—building trusted relationships, fostering deep community engagement and consistently prioritizing client success,' said Tom Partridge, group regional president. 'As he transitions to new responsibilities, Cary has been instrumental in helping identify Scott as a strong leader who will elevate our impact across North Florida.'
As North Florida region president, Daigle oversees the strategic direction and growth of Fifth Third's commercial banking, wealth and asset management and commercial payments businesses across key markets including Tampa Bay, Sarasota, Orlando, North Central Florida and Jacksonville.
'I am honored to step into this role and collaborate with our talented team to continue advancing our growth strategy and delivering exceptional service to our clients. Together, we will remain focused on supporting the financial goals of our customers and making a meaningful impact in the North Florida region,' said Daigle.
With 30 years of banking and commercial lending experience, Daigle has held various leadership positions and has extensive experience in advising companies with expansion, acquisitions and general working capital needs. Prior to joining Fifth Third, he served as the North Florida commercial market president at TD Bank.
Daigle holds a bachelor's degree in economics from Radford University and serves on the executive board of the Tampa Bay Chamber and the board of Habitat for Humanity Tampa Bay Gulfside.
'Scott brings a wealth of experience in leading high-performing teams and serving clients with excellence,' said Partridge. 'His leadership, insight and energy will be instrumental to accelerate our growth across the region.'
Fifth Third has 97 full-service banking centers and nearly 700 employees across North Florida. In March of this year, J.D. Power named Fifth Third Bank No. 1 for Retail Banking Customer Satisfaction in Florida for the second year in a row as part of its 2025 U.S. Retail Banking Satisfaction Study SM. The Study also noted that customers rated Fifth Third No. 1 for account offerings and value.
About Fifth Third
Fifth Third is a bank that's as long on innovation as it is on history. Since 1858, we've been helping individuals, families, businesses and communities grow through smart financial services that improve lives. Our list of firsts is extensive, and it's one that continues to expand as we explore the intersection of tech-driven innovation, dedicated people and focused community impact. Fifth Third is one of the few U.S.-based banks to have been named among Ethisphere's World's Most Ethical Companies ® for several years. With a commitment to taking care of our customers, employees, communities and shareholders, our goal is not only to be the nation's highest performing regional bank, but to be the bank people most value and trust.
Fifth Third Bank, National Association is a federally chartered institution. Fifth Third Bancorp is the indirect parent company of Fifth Third Bank and its common stock is traded on the NASDAQ ® Global Select Market under the symbol "FITB." Investor information and press releases can be viewed at www.53.com. Deposit and credit products provided by Fifth Third Bank, National Association. Member FDIC.
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MarketAxess Announces Trading Volume Statistics for May 2025
44% Increase in Total ADV Driven by 22% Increase in Total Credit ADV and 59% Increase in Total Rates ADV Record Eurobonds ADV of $2.9 Billion on 116% Increase in Block Trading and 500% Increase in Portfolio Trading ADV NEW YORK, June 05, 2025--(BUSINESS WIRE)--MarketAxess Holdings Inc. (Nasdaq: MKTX), the operator of a leading electronic trading platform for fixed-income securities, today announced trading volume and preliminary variable transaction fees per million ("FPM") for May 2025.1 Select May 2025 Highlights* (See tables 1-1C and table 2) The MarketAxess platform's strong performance persisted in May through moderated levels of volatility, providing our clients with deep liquidity through Open Trading. We delivered strong progress with our new initiatives across the client-initiated, portfolio trading and dealer-initiated channels that contributed to the strong performance in May. Client-Initiated Strong increases in block trading ADV across U.S. credit (+41%), emerging markets (+24%) and eurobonds (+116%). We launched our targeted block trading solution in U.S. credit in mid-May. Block trading in emerging markets and eurobonds both benefitted from the launch of our targeted block solution in late 2024, which has generated cumulative trading volume of approximately $1.7 billion and $2.7 billion, respectively, since launch. Clients continued to leverage our algos in U.S. government bond trading, helping to drive a 57% increase in ADV to $28.3 billion with estimated market share of 2.6% in May. Portfolio Trading Year-to-date May 2025, estimated market share of U.S. credit portfolio trading is 18.6%, compared to 14.1% in the prior year same period, an increase of approximately 450 basis points.2 90% of all portfolio trading ADV was executed over X-Pro in May. Dealer-Initiated Dealer-initiated ADV increased 41% to $1.8 billion. May 2025 Variable Transaction Fees Per Million1 (See table 1D) The decline in total credit FPM compared to the prior year was driven principally by protocol mix. Total credit FPM was flat month-over-month. The decline in total rates FPM compared to the prior year was driven by the impact of product mix. Total rates FPM was down slightly month-over-month. *All comparisons versus May 2024 unless noted. Table 1: MarketAxess ADV3 Month % Change May-25 Apr-25 May-24 YoY MoM MKTX ADV ($ millions) Credit U.S. High-Grade $ 7,649 $ 8,595 $ 6,122 25 % (11 ) % U.S. High-Yield 1,602 1,968 1,320 21 (19 ) Emerging Markets 3,615 4,273 3,074 18 (15 ) Eurobonds 2,870 2,785 2,274 26 3 Other Credit Products3 612 739 582 5 (17 ) Municipal Bonds 611 737 577 6 (17 ) Total MKTX Credit ADV $ 16,348 $ 18,360 $ 13,372 22 (11 ) Rates U.S. Government Bonds $ 28,293 $ 37,935 $ 18,072 57 % (25 ) % Agencies and Other Government Bonds 1,589 1,141 728 118 39 Total MKTX Rates ADV $ 29,882 $ 39,076 $ 18,800 59 (24 ) Total MKTX Trading ADV $ 46,230 $ 57,436 $ 32,172 44 (20 ) U.S. Trading Days4 21 21 22 U.K. Trading Days4 19 20 20 Table 1A: Market ADV Month % Change May-25 Apr-25 May-24 YoY MoM MARKET ADV ($ millions) Credit U.S. High-Grade TRACE $ 39,652 $ 44,647 $ 32,864 21 % (11 ) % U.S. High-Yield TRACE 13,171 14,565 10,313 28 (10 ) Total U.S. Credit TRACE 52,823 59,212 43,177 22 (11 ) Municipal Bonds MSRB 10,306 15,427 7,123 45 (33 ) Rates U.S. Government Bonds TRACE $ 1,106,252 $ 1,354,981 $ 830,586 33 % (18 ) % Agency TRACE 4,032 4,064 2,982 35 (1 ) U.S. Trading Days4 21 21 22 U.K. Trading Days4 19 20 20 Table 1B: Estimated Market Share5 Month Bps Change May-25 Apr-25 May-24 YoY MoM MKTX ESTIMATED MARKET SHARE (%) U.S. High-Grade % of U.S. High-Grade TRACE (incl. SD PT)5 19.9% 19.4% 19.2% +70 bps +50 bps % of U.S. High-Grade TRACE (excl. SD PT)5 19.3% 19.3% 18.6% +70 bps – bps U.S. High-Yield % of U.S. High-Yield TRACE (incl. SD PT)5 12.4% 14.1% 13.1% (70) bps (170) bps % of U.S. High-Yield TRACE (excl. SD PT)5 12.2% 13.5% 12.8% (60) bps (130) bps Other Credit Products % of Municipal Bonds MSRB 5.9% 4.8% 8.1% (220) bps +110 bps Rates % of U.S. Government Bonds TRACE 2.6% 2.8% 2.2% +40 bps (20) bps Table 1C: Strategic Priorities ADV2 Month % Change May-25 Apr-25 May-24 YoY MoM STRATEGIC PRIORITIES ADV ($ millions) Client-Initiated Channel U.S. Credit Block Trading $ 3,070 $ 3,751 $ 2,182 41 % (18 ) % Emerging Markets Block Trading 1,451 1,579 1,173 24 (8 ) Eurobonds Block Trading 637 497 294 116 28 Portfolio Trading Channel Total MKTX Portfolio Trading2 $ 1,455 $ 1,790 $ 853 71 % (19 ) % Total MKTX U.S. Credit Portfolio Trading2 1,014 1,441 734 38 (30 ) Total U.S. Credit TRACE Portfolio Trading2 6,041 7,349 4,164 45 (18 ) Dealer-Initiated Channel Total Dealer Initiated (DRFQ & Mid-X) $ 1,781 $ 1,916 $ 1,260 41 % (7 ) % Other Open Trading $ 4,777 $ 5,739 $ 3,924 22 % (17 ) % AxessIQ 189 181 138 37 4 U.S. Trading Days4 21 21 22 U.K. Trading Days4 19 20 20 Table 1D: Variable Transaction Fees Per Million (FPM)1 Month % Change May-25 Apr-25 May-24 YoY MoM AVG. VARIABLE TRANS. FEE PER MILLION (FPM) Total Credit $ 138 $ 138 $ 148 (7 ) % 0 % Total Rates 3.75 3.76 4.40 (15 ) (0 ) 1 The FPM for total credit and total rates for May 2025 are preliminary and may be revised in subsequent updates and public filings. The Company undertakes no obligation to update any fee information in future press releases. 2 Due to variances in how portfolio trading market participants utilized the portfolio trading TRACE "flag," the Company previously used its own internal methodology for calculating portfolio trading as an estimated percentage of TRACE volume and the Company's estimated market share. 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General Notes Regarding the Data Presented Reported MarketAxess volume in all product categories includes only fully electronic trading volume. MarketAxess trading volumes and the Financial Industry Regulatory Authority ("FINRA") Trade Reporting and Compliance Engine ("TRACE") reported volumes are available on the Company's website at Cautionary Note Regarding Forward-Looking Statements This press release may contain forward-looking statements, including statements about the outlook and prospects for the Company, market conditions and industry growth, as well as statements about the Company's future financial and operating performance. These and other statements that relate to future results and events are based on MarketAxess' current expectations. The Company's actual results in future periods may differ materially from those currently expected or desired because of a number of risks and uncertainties, including: global economic, political and market factors; the level of trading volume transacted on the MarketAxess platform; the rapidly evolving nature of the electronic financial services industry; the level and intensity of competition in the fixed-income electronic trading industry and the pricing pressures that may result; the variability of our growth rate; our ability to introduce new fee plans and our clients' response; our ability to attract clients or adapt our technology and marketing strategy to new markets; risks related to our growing international operations; our dependence on our broker-dealer clients; the loss of any of our significant institutional investor clients; our exposure to risks resulting from non-performance by counterparties to transactions executed between our clients in which we act as an intermediary in matched principal trades; risks related to self-clearing; risks related to sanctions levied against states or individuals that could expose us to operational or regulatory risks; the effect of rapid market or technological changes on us and the users of our technology; issues related to the development and use of artificial intelligence; our dependence on third-party suppliers for key products and services; our ability to successfully maintain the integrity of our trading platform and our response to system failures, capacity constraints and business interruptions; the occurrence of design defects, errors, failures or delays with our platforms, products or services; our vulnerability to malicious cyber-attacks and attempted cybersecurity breaches; our actual or perceived failure to comply with privacy and data protection laws; our ability to protect our intellectual property rights or technology and defend against intellectual property infringement or other claims; our use of open-source software; our ability to enter into strategic alliances and to acquire other businesses and successfully integrate them with our business; our dependence on our management team and our ability to attract and retain talent; limitations on our flexibility because we operate in a highly regulated industry; the increasing government regulation of us and our clients; risks related to the divergence of U.K. and European Union legal and regulatory requirements following the U.K.'s exit from the European Union; our exposure to costs and penalties related to our extensive regulation; our risks of litigation and securities laws liability; our tax filing positions; the effects of climate change or other sustainability risks that could affect our operations or reputation; our future capital needs and our ability to obtain capital when needed; limitations on our operating flexibility contained in our credit agreement; our exposure to financial institutions by holding cash in excess of federally insured limits; and other factors. 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View source version on Contacts INVESTOR RELATIONS Stephen Davidson MarketAxess Holdings Inc.+1 212 813 6313sdavidson2@ MEDIA RELATIONS Marisha Mistry MarketAxess Holdings Inc.+1 917 267 1232mmistry@ Sign in to access your portfolio
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