New York, USA - August 26, 2010, New York, USA - M.R. Beal & Company, an investment bank, announced that Loren Carlson and Edward Chan have joined the firm as managing director and vice president, respectively.
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With more than 30 years of experience in public finance, Mr. Carlson is recognized as one of the foremost authorities on public and structured finance strategies. Previously, Mr. Carlson served as senior vice president at William R. Hough & Co., where he also served as a board member and member of the firm’s executive committee.
In 2003, RBC Dain Rauscher, a subsidiary of Royal Bank of Canada, acquired William R. Hough & Co., and Mr. Carlson went on to serve as managing director at RBC Capital Markets.
Earlier in his career, Mr. Carlson worked in the public finance and asset-backed divisions at various firms including Blythe Eastman, Paine Webber (currently UBS), Manufacturers Hanover Securities Corporation and Chemical Securities, Inc. (currently JP Morgan Chase).
Mr. Carlson is widely known for playing an instrumental role in helping to finance post-secondary education in the United States. He helped build the multi-billion dollar asset-backed security market in federal and private educational loans.
Mr. Carlson graduated from Drake University and received an MBA from Adelphi University. He has been a featured speaker at conferences of the National Council of Higher Education Loan Programs, the Education Finance Council, and the National Council of Development Finance Agencies.
As vice president, Mr. Chan will be concentrating his efforts at M.R. Beal on marketing, structuring, and the executing of both taxable and tax-exempt bond transactions. With more than 10 years of public finance experience, he has provided client coverage for some of the largest state and local government issuers including DASNY, the City of New York, the City of Chicago, the City of Philadelphia, Washington D.C., and the State of Connecticut.
Mr. Chan most recently served as vice president of Loop Capital Markets, where he provided expertise in deal structuring and execution, cash-flow modeling, credit analysis, and innovative solutions for municipal issuers. He also has considerable experience structuring transactions for a variety of credits, including tax-backed, utility, airport, lease revenue, tax-increment and tobacco-settlement bonds. ■