KeyBanc Capital Markets Appoints New Co-Leaders Douglas W. Preiser and Andrew J. Paine, III
CLEVELAND, May 24 /PRNewswire-FirstCall/ -- KeyBanc Capital Markets Inc., the broker/dealer subsidiary and investment banking arm of KeyCorp (NYSE: KEY), announced today that Douglas W. Preiser and Andrew "Randy" Paine, executive vice presidents of KeyBank National Association (N.A.), will co-lead the group under the direction of Christopher M. Gorman, vice chair of KeyBank N.A. Both will serve on Key's Executive Council. Mr. Gorman was promoted to lead Key National Bank (KNB) in March.
"Doug and Randy together will assume the responsibility for the strategic direction of KeyBanc Capital Markets," said Mr. Gorman. "Their proven leadership abilities and depth of experience will enable us to take our culture and performance to the next level." KeyBanc Capital Markets (KBCM) is comprised of Key's Corporate and Investment Banking business, led by Mr. Paine, and Capital Markets business, led by Mr. Preiser.
Mr. Preiser will continue to serve as Chief Operating Officer of KeyBanc Capital Markets, where he is responsible for all aspects of the company's equity research, trading, sales and Equity Capital Markets activities. He is also responsible for the company's Fixed Income sales and trading activities.
Prior to his appointment, Mr. Paine served as the group head of KBCM's Industrial and Energy Groups, advising clients on mergers and acquisitions, public and private placements of equity and debt and commercial banking. In his new position, Mr. Paine will be responsible for all of KeyBanc Capital Markets' Corporate and Investment Banking businesses.
With Mr. Paine's promotion, Raj Trikha assumes responsibility for the Industrial Group, reporting to Mr. Paine. Other KeyBanc group leaders reporting to Mr. Paine include: Amy Carlson, Debt Capital Markets; David Gorden, Real Estate Investment Banking; Michael Jackson, National Commercial Banking and Diversified Groups; Thomas Rajan, Oil & Gas Group; Andrew Redinger, Utilities/Alternative Energy Group; Paul Schneir, Mergers and Acquisitions and Private Capital Group, and Andrew Vollmer, Consumer and Financial Sponsors Groups.
Charles "Kip" Clarke, former co-head of the Mergers and Acquisitions Group, has been promoted to executive vice president of KeyBank N.A., and will lead the KNB Corporate Center. In this role, Mr. Clarke will oversee KNB's strategic planning, performance management analytics and reporting, business unit integration, technology requirements and product development.
About KeyBanc Capital Markets:
KeyBanc Capital Markets is a trade name under which corporate and investment banking products and services of KeyCorp and its subsidiaries, KeyBanc Capital Markets Inc., Member NYSE/FINRA/SIPC, and KeyBank National Association ("KeyBank N.A."), are marketed. Securities products and services are offered by KeyBanc Capital Markets Inc. and its licensed securities representatives, who may also be employees of KeyBank N.A. Banking products and services are offered by KeyBank N.A.
About KeyCorp:
Cleveland-based KeyCorp is one of the nation's largest bank-based financial services companies, with assets of approximately $95 billion. Key companies provide investment management, retail and commercial banking, consumer finance, and investment banking products and services to individuals and companies throughout the United States and, for certain businesses, internationally
Note to Editors: For up-to-date company information, media contacts and facts and figures about Key lines of business, visit our Media Newsroom at Key.com/newsroom.
SOURCE KeyCorp
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