US-based Regions Financial Corporation has established a new corporate and investment banking financial services group.

The firm appointed Tom Dierdorff to head up the new division alongside Jeff Nicolosi, Chris Whiddon and Peter Wesemeier.

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Based in Atlanta, the team at the new financial services group will offer financing, capital markets and strategic solutions to insurance and insurance services companies, asset managers, brokerdealers, exchanges, specialty finance companies, depositories and other financial services businesses.

Dierdorff has been hired as senior vice president and group head of financial services and managing director of Regions Securities, reporting to John Barton, executive vice president and head of specialized industries.

Dierdorff joined from SunTrust Robinson Humphrey, where he served as managing director in the Financial Services and Technology Investment Banking Group and led the insurance investment banking practice. Prior to this, he worked for 11 years at Wachovia Securities.

Nicolosi currently serves as director in the group, while Whiddon as a vice president and Wesemeier will serve as senior portfolio manager and financial services credit team leader managing the group’s credit underwriting and portfolio management functions.

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Barton said. "Under Tom’s leadership we are well-positioned to meet the needs of growing financial services clients, and I’m pleased to have an individual of his experience and reputation leading this important new banking group."