RBC Dain Rauscher Hires Craig Burdulis as Senior Underwriter in New York City

Date : 03/31/2005 @ 8:00AM
Source : PR Newswire
Stock : Royal Bank OF Canada (RY)
Quote : 28.65  0.81 (2.91%) @ 8:00PM
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RBC Dain Rauscher Hires Craig Burdulis as Senior Underwriter in New York City

RBC Dain Rauscher Hires Craig Burdulis as Senior Underwriter in New York City Move Helps Solidify Firm's Footprint in the Northeast

NEW YORK, March 31 /PRNewswire/ -- RBC Dain Rauscher has hired Craig Burdulis as senior underwriter covering the New York City market for its Fixed Income Group, announced fixed income president Larry Holtz.

Burdulis, with more than 20 years in the industry, joined RBC Dain Rauscher from Commerce Capital where he had spent 22 years covering the New York market.

Most recently, he had been in charge of all negotiated and competitive municipal syndicates.

As senior underwriter, Burdulis is responsible for New Jersey, New York and all of New England. Last week, he was instrumental in a $524 million New Jersey Transit Trust Authority deal, one of the largest deals the firm has ever handled.

"We are thrilled to have Craig lead our underwriting efforts in New York City," Holtz said. "His strong track record bolsters our strong presence on the East Coast."

RBC Dain Rauscher has been aggressively building its fixed income presence in the Eastern and Southeastern U.S. throughout the year. In 2001, the firm acquired Tucker Anthony Sutro, which allowed it to expand its fixed income practice on the East and West coasts. A year ago, the firm acquired St.

Petersburg, Fl.-based investment firm William R. Hough & Co. The eighth largest underwriter of municipal bonds, the firm is a leader among middle market firms and has a major presence in the New York City metro area with employees in three offices.

About RBC Dain Rauscher

RBC Dain Rauscher Corporation, a wholly owned subsidiary of Royal Bank of Canada (NYSE:RY) Toronto, is one of the nation's largest full-service securities firms with more 1,800 financial consultants and 5,000 employees. The company serves individual investors and businesses through offices coast- to-coast. Founded in 1909, RBC Dain Rauscher is a member of the New York Stock Exchange and other major securities exchanges, as well as the Securities Investor Protection Corp. RBC Dain Rauscher is headquartered at 60 South Sixth Street in Minneapolis.

DATASOURCE: RBC Dain Rauscher

CONTACT: Dan Callahan of RBC Dain Rauscher, +1-612-313-1234

Web site: http://www.rbcdainrauscher.com/

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