RBC Capital Markets appoints seven bankers to its Municipal
Finance Healthcare practice
Firm continues aggressive expansion of its U.S. healthcare
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
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.
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For further information, please contact:
Kevin Foster, RBC, (212) 428-6902, firstname.lastname@example.org
Jackie Braden, RBC, (416) 974-2124, email@example.com