KeyBanc Capital Markets, the corporate and investment banking arm of Cleveland-based KeyCorp (NYSE: KEY), has hired Carl McCarden to the firm as a managing director in its financial sponsors group to spearhead the firm’s coverage of healthcare private equity sponsors. McCarden will work closely with the investment bankers at Cain Brothers, a division of KeyBanc Capital Markets. He is based in the firm’s Atlanta office and reports to David Gorden, managing director and heead of KeyBanc Capital Markets financial sponsors group.
Prior to joining KBCM, McCarden was head of J.P. Morgan’s healthcare sponsor coverage team, where he launched the firm’s national healthcare sponsor coverage effort. Previously, McCarden focused on healthcare coverage at Citizens Financial Group and GE Capital.
“Carl brings with him a long record of top performance and excellent client relationships and will continue to build on our healthcare coverage efforts,” said Gorden. “In partnership with Cain Brothers, Carl will be able to provide our healthcare private equity clients access to all of KBCM’s capabilities and resources in M&A, debt, and equity capital markets.”
Rob Fraiman, president of Cain Brothers, said, “We’re delighted that Carl has joined KBCM to build on our collective strong relationships with the healthcare-focused private equity investors which are central to our success.”