RBC Capital Markets Hires Michele G. Kinner
As a Managing Director in its Alternative Asset Management Group
NEW YORK, May 10 /PRNewswire-FirstCall/ -- RBC Capital Markets, a member of RBC Financial Group, the brand name of Royal Bank of Canada (NYSE: RY; TSE), today announced that Michele G. Kinner has joined the firm as a managing director responsible for Private Equity Fund Investments in its Alternative Asset Management Group. She will report to Daniel H. Smith, co-head of RBC Leveraged Capital.
Prior to joining RBC Capital Markets, Ms. Kinner was with JP Morgan Chase and its predecessor organizations for over 22 years. Most recently she was head of the group within Chase Alternative Asset Management, Inc., which oversees clients' multi-manager private equity portfolios totaling in excess of $1 billion. She was responsible for conducting due diligence and making investment recommendations for Chase's private equity funds of funds, as well as for management of the investment portfolios.
Smith said of the hiring, "We are very pleased to have Michele join us. She is central to our plans for expanding the alternative asset management effort and will take the lead role in raising and managing a new private equity fund of funds. This is an asset class that we feel is very attractive and appropriate for many clients of RBC Financial Group."
RBC Leveraged Capital was formed in October 2001 as the leveraged finance and alternative asset management business of RBC Capital Markets. It focuses on providing acquisition financing for middle-market leveraged buyouts, primarily in support of financial sponsors and managing a diverse pool of non-investment grade assets, including leveraged loans, high yield bonds, and private mezzanine investments through collateralized debt obligation funds.
RBC Capital Markets is the global brand for the corporate and investment banking businesses of RBC Dominion Securities, Canada's leading investment bank, and Dain Rauscher Wessels, the U.S. equity capital markets arm of RBC Dain Rauscher (member of NYSE and SIPC). The firm offers focused industry expertise and global reach in its chosen products, markets and industry sectors through five business divisions and 3,000 employees including some 80 analysts covering more than 900 companies. It is a member of RBC Financial Group, the brand name of Royal Bank of Canada (NYSE: RY; TSE), the seventh largest bank by assets in North America. The Group has more than 60,000 employees who serve over 12 million customers in 30 countries around the world. For more information please visit http://www.rbccm.com.
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SOURCE RBC Capital Markets
/CONTACT: Paul Wilson of RBC Capital Markets, +1-416-974-6286, or Kevin Foster, +1-212-252-8545, ext. 18, or firstname.lastname@example.org, for RBC Capital Markets/
/Web site: http://www.rbccm.com /
CO: RBC Capital Markets; RBC Dominion Securities ST: New York, Canada IN: FIN SU: PER
-0- May/10/2002 13:06 GMT