Dain Rauscher's Education Loan Finance Group Expands, Senior Banker Hired in Firm's New York Office.Business Editors NEW YORK--(BUSINESS WIRE)--June 22, 2001 Dain Rauscher Incorporated has hired Vincent A. Cimino in the firm's New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of office as a principal in its fixed income capital markets division, education loan finance group. Cimino, who will report to Jeffrey J. Wagner, managing director in charge of Dain Rauscher's education loan finance group, will focus exclusively on providing comprehensive investment banking services to education loan secondary market and lending organizations. He will be responsible for expanding the firm's already significant base of clients in the education loan finance sector, where the firm is currently ranked No. 3 as underwriter and financial advisor in public and private transactions. Prior to joining Dain Rauscher, Cimino spent 12 years at Salomon Smith Barney Smith Barney is a division of Citigroup Global Capital Markets Inc., a global, full-service financial firm, that provides brokerage, investment banking and asset management services to corporations, governments and individuals around the world. , most recently as a director in its student loan finance group, where he completed over $10 billion of education loan financings on behalf of 16 issuers. "We are delighted that Vinny has decided to join our national student loan practice," Wagner said. "He is an exceptionally talented banker who brings both valuable industry relationships and a wealth of experience to Dain Rauscher. Vinny's debt structuring and related technical capabilities, which are top-notch, fit perfectly within the comprehensive and highly analytical framework we use to design education loan-backed debt offerings." Cimino added, "Dain Rauscher's established team of professionals, their solid reputation and customer-focused approach are initially what drew me to the firm. In the end, its excellent distribution capabilities and the recent merger with Royal Bank of Canada Bank of Canada Canada's central bank, established under the Bank of Canada Act (1934). It was founded during the Great Depression to regulate credit and currency. The Bank acts as the Canadian government's fiscal agent and has the sole right to issue paper money. , which provides direct access to warehouse facilities and related credit products, convinced me that the RBC/Dain Rauscher platform provided the strongest investment banking platform from which to compete." Cimino began his career as an aerospace engineer at Grumman Aerospace, where he designed and developed tactical computer simulation models. He holds a B.S. in aerospace engineering from St. Louis University and an M.S. in computer science from the New York Institute of Technology The function of higher education was highly debated at the time. There was growing concern that American schools and colleges were failing to meet critical national demands, particularly the need for scientists, engineers, and high-level technicians. . Dain Rauscher maintains a substantial presence in the education loan finance industry, primarily through its offices in New York and Phoenix. The firm's banking professionals provide a comprehensive menu of loan portfolio analytics, debt structuring, cash flow modeling, CP-indexed warehouse funding, term debt underwriting and related loan program advisory services advisory services advisory services provided to the public, in their capacity as owners and managers of animals, are an important part of veterinary science. They may be provided by government bureaux, by commercial companies who deal in pharmaceuticals or animals or animal . These individuals are supported by over 120 institutional sales, trading and underwriting personnel who distribute a complete range of fixed-rate, variable rate, auction rate and floating rate student loan-backed debt instruments to investors located in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and abroad. Dain Rauscher Corporation, a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Royal Bank of Canada (NYSE NYSE See: New York Stock Exchange :RY), is one of the nation's largest full-service securities firms with 1,130 investment executives and 4,090 employees. The company's broker-dealer, Dain Rauscher Incorporated, serves individual investors and small business owners through offices located predominantly in the western half of the United States, and capital markets and correspondent clients in select U.S. and international markets. Founded in 1909, Dain Rauscher Incorporated is a member of the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. and other major securities exchanges, as well as the Securities Investor Protection Corp. The company's headquarters are located at Dain Rauscher Plaza, 60 S. Sixth St., in Minneapolis. On January 10, 2001, Dain Rauscher was acquired by Royal Bank of Canada and became RBC's U.S.-based wealth management and global capital markets subsidiary. RBC RBC red blood cell. RBC or rbc abbr. red blood cell RBC, n See red blood cell count. RBC red blood cells; red blood (cell) count (see blood count). is one of Canada's premiere financial institutions, ranking as Canada's largest as measured by assets, revenues and net income. With a market capitalization Market Capitalization A measure of a public company's size. Market capitalization is the total dollar value of all outstanding shares. It's calculated by multiplying the number of shares times the current market price. This term is often referred to as market cap. in excess of $20 billion and nearly $190 billion in total assets, RBC is also the ninth largest bank in North America. |
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