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 Seven former Bear Stearns Cos. employees are moving on. RBC Capital Markets recruited seven bankers from Bear Stearns Cos.: Kathy Costine, Rae Boylan, Nelson Luria, James LaVigne, Marcella Finkel, Evie Wang and Sonal Bose.
The seven bankers will join RBC's municipal finance healthcare practice. Costine, Boylan and Luria join as managing directors, LaVigne as a director. Finkel and Wang join are vice presidents and Bose is an associate.
Costine had managed Bear Stearns' not-for-profit healthcare practice
since 1992. Previously, she headed Kidder Peabody's health and higher
education finance group for more than a decade.
Previous to Bear Stearns, Luria worked at Merrill Lynch. He has served as a 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. Around 10,000 of the 14,000 Bear Stearns employees were let go due to the bank's sale to J.P. Morgan Chase & Co. At the time of the acquisition, CEO Jamie Dimon requested that Morgan Stanley, Merrill Lynch & Co. and Credit Suisse Group management not poach Bear Stearns employees until after the deal was complete, and Bear employees were told they had to give the contractual obligatory 90-days notice before resigning. Bear Stearns CEO Alan Schwartz, who allegedly was offered a vice chairman position at J.P. Morgan, has not decided if he will stay at the firm. He is also supposedly considering offers from private equity firms such as Kohlberg Kravis Roberts & Co. Due to the massive layoffs on Wall Street. Many other investment bankers are also considering transitioning to private equity, hedge funds or dealmaking - Baz Hiralal See The Deal's Bear Stearns exodus See Dealscape's: Schwartz to join KKR?
See Corporate Dealmaker: From laid-off i-banker to corporate dealmaker? Categories Deal Video
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