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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