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News Releases

 

RBC Capital Markets appoints Paul Zingarini to head Loan Trading and Richard Rothschild to Global Syndicated Finance Sales

NEW YORK, June 24, 2008 — RBC Capital Markets today announced the appointments of Paul Zingarini as managing director and head of Secondary Loan Trading, and Richard Rothschild as a managing director within the firm's Global Syndicated Finance Sales group. Both will be based in New York, with Zingarini reporting to David Pichler, head of U.S. Credit Trading, and Rothschild reporting to Denis Cullen, head of Loan Sales.

Zingarini will oversee the build-out of RBC's U.S. public secondary loan trading platform. Rothschild will be responsible for covering many high profile institutional and bank accounts in the syndicated leveraged loan market.

Zingarini joins from Citigroup, where he was a managing director on the firm's High Yield, Distressed and Loan trading desks. He has more than 20 years of experience trading loans and distressed securities. Zingarini will work closely with RBC's Global Syndicated and Leveraged Finance business to help support the firm's strong and growing high yield and leveraged finance businesses.

"The addition of loan trading to RBC's U.S. credit trading platform highlights the firm's commitment to the credit business, and follows the build-out of more substantial investment grade and high yield trading desks," said Jonathan Hunter, global co-head, Fixed Income and Currencies for RBC Capital Markets. "The loan product has become an increasingly important and active component of credit trading; by further aligning these businesses we believe we are better positioned to serve our customers."

Prior to joining RBC, Rothschild spent more than 20 years at Citigroup, where he was most recently a managing director and senior salesperson in the firm's Loan Sales and Trading group. Previously, Rothschild was a vice president in the Loan Syndications group, and began his career at Citigroup as a vice president, Fixed Income Securities Operations. While at Citigroup, Rothschild was the firm's first loan salesperson to be appointed managing director.

"Rich's depth and breadth of experience in covering major institutional investors and banks will be of great benefit to RBC and will help us to best serve our clients," said Miguel Roman, U.S. head of Global Syndicated Finance for RBC Capital Markets. "We continue to build a robust leveraged loan syndications business in spite of the current market environment, and Rich adds more strength and experience to an already talented sales team."

About RBC Capital Markets
RBC Capital Markets is the corporate and investment banking arm of RBC and is active globally in debt origination, sales and trading, foreign exchange, infrastructure finance, structured products, metals and mining, and energy. Its North American platform includes a significant U.S. middle market investment banking franchise and leading equity, underwriting, sales, trading and research businesses. Bloomberg ranks the firm as the 12th largest investment bank globally.

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For more information, please contact:
Kevin Foster,
RBC Capital Markets, (212) 428-6902, kevin.foster@rbccm.com

Loretta Healy,
The Hubbell Group, Inc., (781) 878-8882, lhealy@hubbellgroup.com



 



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06/24/2008 08:16:35