BB&T expands presence in senior living sector
Opens offices in Chicago and Washington, D.C.
RICHMOND, Va., Nov. 20, 2014 /PRNewswire/ — BB&T Capital Markets announced today three prominent investment banking professionals have joined its nonprofit investment banking group, expanding its national reach into the Midwest and Mid-Atlantic. These additions reflect a continued commitment to the nonprofit senior living sector and follow the recent hires of Matt O’Meara in Denver, Colo., and Jim Cooper in Jacksonville, Fla.
The new team members are:
Russell Quynn, managing director, is based in Washington, D.C., and will manage BB&T’s senior living relationships in the mid-Atlantic. Quynn’s 30-year career includes working for the University of Michigan Hospital System, Moody’s Investors Service and serving as an investment banker to nonprofit health care and senior living providers. During the past 13 years, Quynn ran his own independent financial advisory firm.
“Russell’s knowledge of the health care and senior living industries, coupled with his experience in the financial markets, provides an uncommon perspective in anticipating and addressing client issues and needs in these rapidly changing sectors,” said John Franklin, managing director and head of the healthcare finance group at BB&T Capital Markets.
Lynn Daly, managing director, is based in Chicago and will manage senior living and other nonprofit relationships in the Midwest and nationally. She has more than 24 years of experience working with nonprofit organizations on their financing needs, including seven years with Allied Irish Bank and most recently, seven years with Ziegler. She has served a vast range of clients beyond senior living including Catholic-sponsored ministries, diocese and religious orders, higher education, K-12 schools and social services organizations.
“Lynn’s fluent knowledge of and passion for nonprofit organizations will be a tremendous asset to our team and to our clients,” said Richard Harmon, managing director and senior partner in BB&T’s nonprofit investment banking group in Columbus, Ohio. “We couldn’t be more pleased to round out our knowledge depth with such a prominent professional.”
Brendan Malone, senior vice president, is based in Chicago and comes to BB&T Capital Markets with more than 16 years of experience working with and for nonprofit organizations, most recently as an investment banker with Ziegler. Throughout his career, Malone has been instrumental in providing financing solutions to nonprofit senior living providers, schools and other mission-driven organizations.
“Brendan will be a tremendous asset to our team and a close partner to Lynn in our Chicago office,” said Steve Coma, managing director and senior partner in BB&T’s nonprofit investment banking group in Charlotte, N.C.
“BB&T has a unique approach to this market, and we are committed to hiring top professionals who possess the work ethic, integrity and sense of leadership we value as an organization,” said John Jung, senior managing director and head of BB&T Capital Markets. “In the past six months we have added substantial talent and depth to our nonprofit senior living team, and we’ve made enormous strides in expanding our national footprint.”
Jung further stated BB&T’s commitment to the senior living sector goes beyond investment banking to include direct lending, insurance, and government-backed lending programs through BB&T and its subsidiaries.
About BB&T Capital Markets
BB&T Capital Markets provides a full spectrum of capital and advisory solutions including research, sales and trading, equity and debt underwriting, M&A advisory and corporate banking. BB&T Capital Markets is a division of BB&T Securities, LLC, a wholly owned nonbank subsidiary of BB&T Corporation and Member FINRA/SIPC. More information is available at BBTCapitalMarkets.com.
BB&T is one of the largest financial services holding companies in the U.S. with $187 billion in assets and market capitalization of $26.8 billion, as of Sept. 30, 2014. Based in Winston-Salem, N.C., the company operates 1,842 financial centers in 12 states and Washington, D.C., and offers a full range of consumer and commercial banking, securities brokerage, asset management, mortgage and insurance products and services. A Fortune 500 company, BB&T is consistently recognized for outstanding client satisfaction by the U.S. Small Business Administration, Greenwich Associates and others. More information about BB&T and its full line of products and services is available at BBT.com.
SOURCE BB&T Capital Markets