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BRIEF-Fifth Third Bank replaces FTAM Chief Investment Officer

Friday, 12 Oct 2012 | 1:21 PM ET

Oct 12 (Reuters) - Fifth Third Bancorp :

* Fifth third bank promotes mitchell stapley to chief investment officer for

ftam

* Says stapley replaces keith wirtz, who has left ftam to pursue other

opportunities

* Says fifth third asset management has entered into an agreement to sell

certain accounts of the firm

* Upon completion of deal, ftam will focus on a more concentrated menu of

products for institutional market

* Fifth third - some current members of ftam management to buy certain assets

of ftam's investment teams in minneapolis,cleveland

* Fifth third - stapley previously served as chief fixed income officer where

he oversaw all fixed income strategies for ftam

* Source text * Further company coverage

((Bangalore Newsroom; +1 646 223 8780))

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