RBC Capital Markets adds bankers to municipal finance housing practice

RBC Capital Markets has appointed Michael Baumrin, Peter Nolden, Mina Choo, Derek McGreal and Lorry Palacios to its municipal finance housing capital group.

Mr Baumrin will serve as the new co-head of the housing finance group along with Helen Feinberg, who joined RBC upon the firm’s acquisition of William R Hough & Company in 2004.

Mr Baumrin and Mr Nolden join as managing directors, Ms Choo and Mr McGreal as directors, and Ms Palacios as vice president. Mr Baumrin will be based in New York, the other four in San Francisco. All five join RBC as single-family bankers from UBS.

Chris Hamel, head of municipal finance for RBC Capital Markets, said: This was a terrific opportunity to recruit a talented team of seasoned professionals who we are confident will significantly expand our work with state housing finance agencies nationwide. This is an important sector for RBC as we continue to grow our municipal finance practice in select, targeted areas that best suit our clients’ needs.