CLEVELAND, Aug. 23, 2013 /PRNewswire/ -- Randy Paine has been named President of KeyBanc Capital Markets Inc., the broker/dealer subsidiary and corporate and investment banking platform of KeyCorp (NYSE: KEY). In connection with Mr. Paine's added responsibilities, he will also assume oversight of Key's Public Finance and Public Sector business segments. He will report to Christopher M. Gorman, President of Key Corporate Bank, which encompasses KeyBanc Capital Markets, KeyBank Real Estate Capital, Enterprise Commercial Payments and Key Equipment Finance.
"Randy is a highly respected leader with a proven ability to build teams that drive results," said Mr. Gorman. "We're fortunate to have the depth of talent that allows us to promote from within the organization to lead this unique and important business."
Mr. Paine has responsibility for more than 600 KeyBanc Capital Markets professionals in Corporate and Investment Banking, Equity and Debt Capital Markets and Public Sector/Public Finance across a national footprint.
Prior to his appointment, Mr. Paine served as the co-head of KeyBanc Capital Markets and led the firm's corporate and investment banking business. Mr. Paine joined Key and its predecessor companies in 1993.About KeyBanc Capital Markets: KeyBanc Capital Markets provides deep industry expertise, capital markets and advisory solutions and corporate banking services to companies in targeted industry verticals and government agencies. The firm serves investing clients through a full-service equity and debt capital markets platform and an award winning Equity Research team providing coverage on more than 500 public companies. KeyBanc Capital Markets is a trade name under which corporate and investment banking products and services of KeyCorp and its subsidiaries, KeyBanc Capital Markets Inc., Member NYSE/FINRA/SIPC, and KeyBank National Association ("KeyBank N.A.") are marketed. Securities products and services are offered by KeyBanc Capital Markets Inc. and its licensed securities representatives, who may also be employees of KeyBank N.A. Banking products and services, are offered by KeyBank N.A. About KeyCorpKeyCorp was organized more than 160 years ago and is headquartered in Cleveland, Ohio. One of the nation's largest bank-based financial services companies, Key has assets of approximately $91 billion. For more information, visit https://www.key.com/. KeyBank is Member FDIC. KEY MEDIA NEWSROOM: www.Key.com/newsroom SOURCE KeyCorp