Knop takes on new role at BB&T
- By William Welsh
- Apr 24, 2008
Rick Knop will take on a new role supporting the international investment banking business at BB&T Capital Markets, the company said Wednesday.
Knop previously was one of three people leading the firm's defense and government services unit. The move means that the unit now will be led by co-heads John Allen and John Hagan.
BB&T Capital Markets acquired middle market investment bank Windsor Group LLC in 2005 to boost its defense and government services platform. Knop founded Windsor Group in 1992 and served as its chairman and co-chief executive officer until the merger with BB&T Capital Markets. Knop also is a Washington Technology columnist.
BB&T Capital Markets/Windsor Group has completed 56 transactions worth more than $4 billion in the defense and government services market since 2005. Transaction sizes have ranged from $20 million to nearly $1 billion.
BB&T Capital Markets, of Richmond, Va., is a division of Scott & Stringfellow of Winston-Salem, N.C.
William Welsh is a freelance writer covering IT and defense technology.