Ellinwood joins First Union from A.H. Williams & Co., where he served as a managing director and co-head of investment banking. First Union Capital Markets Corp. is the investment banking subsidiary of Charlotte-based First Union Corporation.
As a managing director, Ellinwood is the first of a three-person team which will lead First Union's public finance efforts in New Jersey, New York, Connecticut, Pennsylvania and Delaware. Working with First Union's northern government banking groups, the new team will have responsibility for expanding the company's public sector business by providing clients a full range of capital markets and commercial banking products. Ellinwood will be based in Summit.
"First Union is committed to meeting the needs of its public sector clients," said Sandy Curlett, president of First Union Capital Markets Corp. "We are excited to have Charlie on board. His b leadership skills, integrity, experience and industry expertise will be critical to our becoming the preferred provider of services to the public sector in the Northern region."
First Union is experiencing b growth in the public finance sector, having recently hired Craig Hunter to head the public finance business in Florida and Douglas Carter to lead its public finance efforts in North Carolina, South Carolina, Georgia and Tennessee.
Ellinwood has worked for Philadelphia-based A.H. Williams & Co. since 1988, concentrating in the New Jersey, New York, Connecticut and Pennsylvania markets. He has extensive experience in all facets of state and local government finance, including specific expertise in healthcare and higher education.
Prior to joining A.H. Williams & Co., Ellinwood was a vice president at Kidder, Peabody & Co. for 11 years, serving in both municipal and corporate finance capacities in New York and Philadelphia. Ellinwood received a bachelor's degree in history from Villanova University and a master's degree in business administration from Boston College.
First Union Capital Markets Corp. provides a broad range of products to clients including public finance, loan syndications, private placements, merger and acquisition advisory, as well as investment grade and high yield debt origination, trading and distribution.
First Union Corporation is the nation's sixth-largest bank holding company with $137 billion in assets as of March 31, 1997. First Union is a leading provider of financial products and services to customers throughout the East coast and nation.
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