Craig Kornett joined TD Securities as head of financial products not-for-profit healthcare investment banking.
Kornett will handle tax-exempt and taxable bonds, variable rate demand obligations remarketing, commercial paper dealer services, municipal derivatives, private placements and strategy advisory.
Kornett has made it his mission "to provide the best-in-class services" to expand TDs client base. "This will be achieved by understanding our clients' objectives and creatively deploying capital and strategic advisory solutions to best meet our client's financing needs," Kornett said in an email.
Kornett is "bullish" on his firm's outlook in the current market.
"The municipal market has a strong track record of delivering the lowest possible cost of capital for not-for-profit issuers and combined with TD's bond underwriting resources," he said, "we have an excellent opportunity ahead of us to grow."
Kornett moved from Ramirez & Co., where he served as the head of not-for-profit healthcare investment banking. He brings 30 years of experience working with not-for-profit healthcare clients.
Kornett said he "couldn't be happier" to be a part of the TD Securities team.
"There is not a better platform to apply my investment banking experience with to best serve health system clients," he wrote in the email. "The TD platform is the strongest of my career and I can't wait to deliver with my colleagues the enormous potential of the firm to health system clients nationally."
