Toronto-based Raymond James Ltd. announced Tuesday that Marwan Kubursi has joined its investment banking team as head of health care, as well as managing director of technology and blockchain.
The firm’s health care business is further bolstered with the addition of David Novak, managing director, health care research analyst.
“Both Marwan and David have earned great reputations for cementing strong client relationships,” says Paul Allison, chairman and CEO, Raymond James Ltd., in a statement.
Raymond James has team of 45 dedicated health care investment bankers and 15 equity research analysts covering over 260 health care companies. In technology, the firm operates with 50 investment bankers and 10 research analysts covering 190 technology companies.
For more than two decades, Kubursi has held senior investment banking roles at a number of firms and most recently he was head of technology and life sciences at Toronto-based Cormark Securities Ltd.. He is a graduate of the University of Western Ontario where he earned his MBA from Ivey Business School.
Novak also comes from Cormark Securities where he served as equity research analyst covering health care and biotechnology. He is a graduate of McGill University where he earned a master’s of science, human medical genetics.