RBC Financial Group
RBC Home | Search | Site Map | Contact Us | Legal Terms | Français  
Other RBC Sites:
Banking Investments Capital Markets
» Corporate Profile
» Corporate Governance
» History
» Investor Relations
Media Newsroom
 News Releases
 Editorial Edge
 RBC Executive Profiles
 RBC Facts
 RBC Purchasing Managers’ Index
 RBC Canadian Consumer Outlook Index
 RBC U.S. Consumer Outlook Index
 Special Reports
 Events Calendar
» RBC Social Media
» Economics
» Publications
» Community & Sustainability
» Careers
» Diversity
» Become a Supplier
» Become an Employee
» Make a Complaint

News Releases


RBC Capital Markets appoints seven bankers to its Municipal Finance Healthcare practice

Firm continues aggressive expansion of its U.S. healthcare group

NEW YORK, June 26, 2008 — RBC Capital Markets today announced the appointments of Kathy Costine, Rae Boylan, Nelson Luria, James LaVigne and three other bankers to its Municipal Finance Healthcare practice as the firm continues to grow its capabilities in that sector.

Costine, Boylan and Luria join as managing directors, LaVigne as a director. The four have worked together for more than 20 years, and each brings over three decades of experience in healthcare investment banking to RBC. In addition, Marcella Finkel and Evie Wang join as vice-presidents, and Sonal Bose as an associate. All seven join RBC from the former Bear Stearns.

"These highly seasoned and successful bankers bring to RBC a high level of experience and terrific depth and breadth," said Chris Hamel, head of Municipal Finance for RBC Capital Markets. "We saw a unique opportunity to bring a top team of bankers here, the addition of which benefits our clients and furthers our strategic vision to expand our healthcare group into a top-tier, leading national practice."

Costine had managed Bear Stearns' not-for-profit healthcare practice since 1992, during which time Bear consistently ranked as one of the top healthcare practices in the country. Previously, she headed Kidder Peabody's health and higher education finance group for more than a decade. Prior to that, Costine was deputy director of the Michigan State Hospital Finance Authority.

"RBC has a long-standing commitment to municipal finance combined with a tier one array of municipal products," said Costine. "This is a great platform from which to serve our clients."

Prior to his time with Bear Stearns, Boylan was with Kidder, Peabody. His experience includes all types of transactions including multi-state healthcare systems, congregate care facilities, physician practices, academic medical centers, and managed care entities.

Previous to Bear Stearns, Luria was with Merrill Lynch. He has served as principal banker for entities such as Partners HealthCare System, the Massachusetts Health and Educational Facilities Authority, the Dormitory Authority of the State of New York, and the New Jersey Health Care Facilities Financing Authority. He also has particular expertise in FHA-insured financings.

LaVigne's experience includes specializing in government-insured or guaranteed financings for hospitals and other healthcare providers. In his career he has arranged in excess of $6.5 billion of such financings and has been responsible for developing many of the major structural innovations that are now standard in FHA financings, including the first FHA/GNMA tax-exempt financing and the first FHA tax-exempt financing.

Under Jim Tricolli, Eastern Region head for RBC's Municipal Finance practice, RBC has now hired 14 professionals for its municipal finance healthcare group in the last year, more than doubling the group's size. The firm's healthcare sector is led by Gerry Means, who joined RBC in July 2007. The combined rankings of RBC's existing healthcare group with the new team from Bear Stearns put RBC squarely in the top 10 healthcare firms in the U.S., ranking ninth and eighth, respectively for 2007 and 2006.

All of the new bankers will be based in RBC's New York City office at 3 World Financial Center, with the exception of LaVigne who will be based in Albany.

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.

- 30 -

For further information, please contact:
Kevin Foster, RBC, (212) 428-6902, kevin.foster@rbc.com
Jackie Braden, RBC, (416) 974-2124, jackie.braden@rbc.com


Take Action
  Contact a member of the Media Relations Team

In the news
  RBC PMITM signals solid output growth in February (14.03.03)
  RBC seeks emerging painters to enter 16th annual RBC Canadian Painting Competition (14.02.21)
  Royal Bank of Canada announces results of conversion privileges of Non-Cumulative 5-Year Rate Reset First Preferred Shares Series
AJ & AL (14.02.14)
  More »

Related Links
  Quarterly Information
  RBC at a Glance
  RBC Letter
  About RBC

  Special Reports
  RBC Canadian Manufacturing Purchasing Managers'Index
06/26/2008 11:52:31