Fifth Third Bank 2002 Annual Report Download - page 13

Download and view the complete annual report

Please find page 13 of the 2002 Fifth Third Bank annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 66

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66

11
2002 ANNUAL REPORT
financial resources to support their
growth, and the willingness, infra-
structure and ability to provide cus-
tomized financial solutions.
Investment Management
Fifth Third is a full-service money
management firm with $29 billion
in assets under management and
$187 billion in assets under care fea-
turing a broad array of equity prod-
ucts and four distinct investment
styles: Quality Growth, Disciplined
Value, Broadly Diversified, and Fixed
Income. Fifth Third’s Institutional
Officers offer retirement plan ser-
vices, investment management, mu-
nicipal and public finance solutions,
institutional custody services, and
foundation and endowment man-
agement. Our investment profes-
sionals are committed to helping in-
stitutional clients successfully man-
age investment funds by taking the
time to learn their needs and care-
fully creating an individualized plan
tailored to their risk, reward and li-
quidity objectives. Fifth Third deliv-
ers a full spectrum of investment
strategies for plans of varying scope
and complexity from individually
managed equity and fixed-income
portfolios to our nationally recog-
nized Fifth Third mutual fund fam-
ily for both long- and short-term in-
vestment horizons.
Despite a difficult year in the
markets in 2002, our Investment
Advisors team as a whole added sig-
nificantly to its customer and prod-
uct base and delivered a 10 percent
increase in revenues while adding over
200 sales professionals to our staff.
Fifth Third Processing Solutions
Fifth Third Processing Solutions,
our electronic payment processing
subsidiary, authorizes, initiates, cap-
tures and settles electronic payment
transactions as part of an integrated
cash management solution for finan-
cial institutions and merchants all
over the world. As a leading elec-
tronic processor, Fifth Third helps
our commercial customers eliminate
paper and reduce cycle time and ex-
pense while providing instant on-line
access to information through a plat-
form integrated with traditional
banking services. In 2002, Fifth
Third processed more than 8.2 bil-
䊳Sandy Watson, right, Commercial
Relationship Manager for our Western
Michigan affiliate bank, joins Lew
Chamberlin at the Fifth Third Ballpark in
Grand Rapids. Lew and his partners
brought professional baseball back to the
Western Michigan area in 1994. Since that
time, the West Michigan Whitecaps have
earned a reputation as one of the best run
organizations in minor league baseball, and
the Western Michigan community
continues to enthusiastically support the
team and Fifth Third Bank.