Financo Adds West Coast Executive

NEW YORK — Investment banking firm Financo Inc. hired Steven H. Reiner as a managing director whose responsibility will be to head the bank’s new West Coast office, located in Beverly Hills.

Reiner, an investment banker for close to 20 years, comes from CIBC World Markets, where he was most recently managing director and leader of the firm’s Los Angeles-based Consumer/Retail Group. In his new role at Financo, Reiner will also serve as a member of the firm’s operating committee and report directly to Gilbert Harrison, chairman and chief executive officer, and William Susman, president and chief operating officer.

“Opening an office on the West Coast is indicative of our expanding client base, increased transaction volume and need to be closer to our clients,” said Harrison in a statement.

Susman added, “Steve will be a great leader for Financo, and we welcome him to the firm. Increasing our presence reflects our desire to continue to grow Financo and broaden our capabilities.”

Financo, with headquarters in New York and offices in London and Los Angeles, specializes in mergers and acquisitions, restructuring and private placements, along with consulting and private equity services. Its focus is primarily in retail and apparel, with an ever-broadening scope in the consumer products sector.