a tall building in a city


Banking vet leads firm’s Richmond debut

February 17, 2015

A veteran of the local investment banking scene has been tapped to lead a Chicago financial firm's first push into Richmond. Gary Penrose recently left downtown-based Davenport & Co. to join Performance Trust Capital Partners, a firm that's recently been trying to expand its investment banking practice around the country. "They help community banks improve their profitability," Penrose said. "All of my clients, even the best-performing banks that I work with, could use that. The business has changed, and I need to bring something different to the table to help my clients today. It's a new world."

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