Would you move from a director-level role at a bulge-bracket bank to lead a division at a smaller player?
This is what Joel Simkins, previously a director and senior gaming, lodging and leisure analyst at Credit Suisse, has done. He has joined SunTrust Robinson Humphrey as a managing director and the head of gaming, lodging and leisure investment banking.
SunTrust is a regional bank with total assets around $200bn, but is better known for its network of 1,400 retail branches across the southeastern U.S than its investment bank. It ranks 14th among investment banks in year-to-date net revenue in the U.S., with $221m so far this year, according to Dealogic.
Before Credit Suisse, he was a managing director and senior gaming and leisure analyst at Macquarie Bank. In 2009, he was named one of the best up and coming analysts on Wall Street by Institutional Investor Magazine.
Prior to that, he was a senior vice president and senior gaming and leisure analyst at Prudential Financial and a senior analyst and associate portfolio manager at Slater Capital Management, a New York-based hedge fund.
Simkins began his banking career as an analyst at Deutsche Bank, where he was eventually promoted to associate. He graduated summa cum laude from Hofstra University with a BBA in banking and finance.
Other new hires
SunTrust Robinson Humphrey’s 2016 investment banking analyst class includes Peter Wittwer, who was a portfolio management summer analyst last year before graduating from Washington and Lee University in May, and David Oliver, who was a summer analyst at Wells Fargo last year before graduating from the University of North Carolina’s Kenan-Flagler Business School this year.
In addition, SunTrust Robinson Humphrey recently added Kevin Towl to its institutional equity sales team. He worked previously at Merrill Lynch, Soleil Securities and, most recently, UBS.
Photo of Simkins courtesy of SunTrust Robinson Humphrey