Every business sector has influential players, whether they are in the public eye or wield their influence behind the scenes. In a monthly feature that runs in the first issue of the month through October, IBJ is identifying those people in eight different categories.
This is the second installment in the series and features women and men who are key members of the city’s banking and finance sector.
Glenn Scolnik, 59
Glenn Scolnik joined HKW in 1993 as a full partner to lead platform acquisitions and open an office for the com-pany in Indianapolis, where it is now based. HKW (Hammond Kennedy Whitney and Co.) was founded in 1903 and is one of the nation’s oldest private-equity firms.
In 1998, Scolnik became president and CEO, taking responsibility for all operations worldwide. He became chairman in 2009 and retains responsibility for all platform acquisitions. During Scolnik’s 11 years as CEO, he led HKW into the private-equity fund environment with HKW Capital Partners II and HKW Capital Partners III, hired all 14 current investment professionals and moved the operations of HKW to Indianapolis.
From 1978 until 1992, Scolnik specialized in mergers and acquisitions at the local law firm Sommer and Barnard (now Taft Law) and represented HKW. From 1983 until today, he has been involved in more than 70 change-of-control acquisitions by HKW, most of them as an HKW partner. He also is chairman of Nesco Holdings in Bluffton, NaturMed Inc., in Camp Verde, Ariz., Canadian Hospital Specialties in Oakville, Ontario, and Airworx in Indianapolis.
Scolnik received his bachelor’s from the Indiana University School of Business and his law degree from IU-Bloomington. Before starting his law career, he played professional football in the NFL for the Pittsburgh Steelers and in the Canadian Football League. He met and married his wife while playing for the Steelers.
Today he is active with the Meridian Street United Methodist Church, the Indiana University Maurer School of Law and in conservation efforts, mainly through the Conservation Law Center in Bloomington, which is associated with the law school. He has endowed a scholarship at the Kelley School of Business.
Robert H. Shortle, 62
CEO and Senior Managing Director
Periculum Capital Co.
In 1998, Bob Shortle co-founded Per-iculum Capital Co., a private-investment and merchant-banking company, providing merger and acquisition and capital-raising services, with Joe Broecker, who is also a senior managing director of the company.
Both men wanted to do the sort of investment banking they had done at Raffensperger Hughes and Co., Indiana’s largest investment bank when it was acquired by National City Corp. in 1994. Without a viable local alternative, the men founded their own company, which Shortle believes to be the most active investment banker in Indiana, doing the most transactions.
Before founding Indianapolis-based Periculum, Shortle was president of Huntington Capital Corp., an investment-banking company owned by Huntington Bancshares Inc., based in Columbus, Ohio. He also served as senior vice president and managing director in charge of corporate finance at Raffensperger Hughes; as vice president at the former Indiana National Bank, where he headed an effort to establish an investment-banking department; and manager in audit services with KPMG in Indianapolis.
Shortle is a certified public accountant and holds an MBA in finance from Indiana University, but his undergraduate degree from the University of Illinois is in electrical engineering. His brother had talked him into the major, but working two summer jobs during college as an electrical engineer showed him that he wasn’t interested in the field for the long haul.
Shortle grew up in Tipton. He is on the civic engagement board of Community Hospital Foundation, where he serves as treasurer, and on the advisory board of the Bloomington chapter of Beta Theta Pi. He is also active in the Shortle Foundation, a family foundation focused primarily on education and conservation. He and his wife have four children.
Keith D. Slifer, 46
Senior Vice PresidentCentral Regional Market Executive
Bank of America
With more than 25 years of bank-ing experience, Keith Slifer has been with Bank of America and its predecessors since 1997 and has served in a number of leadership roles. He is currently responsible for the middle-market segment of global commercial banking in Indiana and Ohio. He led the effort to introduce Bank of America’s business-banking platform in Indiana and Ohio. Slifer has been a market executive since 2007, when he assumed his current post and, until recently, was responsible for the Midwest food and agribusiness specialty group.
Slifer has made his way around the banking world. Before joining Bank of America, Slifer was region head of LaSalle Bank and managed offices in Indianapolis, Atlanta and St. Louis and Kansas City, Mo. Before that, he worked with American National Bank, First Chicago NBD and Royal American Bank.
A native of Arlington Heights, Ill., Slifer came to Indiana University for college and graduated magna cum laude. In 2000, Slifer was named to IBJ’s Forty under 40 list. Active in the community, he has worked with the Indianapolis Racers Travel Hockey Association and the Indianapolis Youth Hockey Association. He was named USA Hockey Leader of the Year for the Mid-America District in 2007. Slifer completed the Florida Ironman in 1994 and continues to be an avid bicyclist. He lives in Carmel.
Claudia V. Swhier
Barnes and Thornburg LLP
Claudia Swhier graduated from Harvard Law School in 1975 and joined local law firm Barnes and Thornburg that year; she became a partner in 1982. Today she is a member of the firm’s Financial Institutions Practice Group and the firm’s management committee. Swhier practices primarily in the financial institutions area, although she also has significant securities and corporate law experience. She serves a number of banks, thrifts and credit unions, many of which are publicly traded.
Along with another attorney from the firm, Swhier served as a member of the attorney-drafting group selected by the Indiana Legislature’s Interim Study Committee on Financial Institutions and Consumer Credit to prepare a complete recodification of Indiana banking laws. She has represented a number of financial institutions with respect to supervisory agreements and cease-and-desist orders. She has assisted mutual thrifts in their conversion to stock form and has advised nonfinancial institutions and underwriters on initial and secondary public offerings.
A native of Mineola, N.Y., Swhier attended and graduated magna cum laude from Yale University in 1972. While in law school, she was a member of the board of editors of the Harvard Law Review.
Swhier is active in her church, Roberts Park United Methodist Church, and serves on several committees at her condominium development. She volunteers for Child Advocates Inc., which serves as guardian ad litem for abused and neglected children.
John W. Tanselle, 54
Krieg DeVault LLP
A summa cum laude graduate of Indiana University and a magna cum laude graduate of Indiana University School of Law-Indianapolis, John Tanselle joined Krieg DeVault LLP straight out of law school in 1981.
At Krieg DeVault, one of the city’s oldest law firms, Tanselle focuses on counseling the management of financial institutions and their boards on a complex array of issues, from regulatory compliance to executive compensation and securities law. He has served as counsel on transactions such as hostile takeovers, the formation of financial institutions and mergers and acquisitions.
Tanselle is the former chairman of the firm’s Financial Institutions Practice Group and currently serves as a member of the firm’s executive committee, diversity committee, associates committee and recruiting committee. He has served as issuer’s counsel and underwriter’s counsel in public offerings of equity and debt securities.
Tanselle regularly speaks on mergers and acquisitions, financial regulations and other topics. He has published articles on branch banking, employee stock ownership plans and other topics.
Professionally he is a member of the Indianapolis, Indiana and American Bar associations, and he was a drafting group member for Title 28 of the Indiana Code, the findings of which were used by the Indiana Legislature’s Interim Study Committee on Financial Institutions and Consumer Credit. His civic associations include the boards of trustees of Methodist Health Foundation and Christian Theological Seminary. He coaches various youth sports teams and is the keyboard player for a church praise band.