PNC Capital Markets, the securities subsidiary of PNC Bank Corp., has hired two senior investment bankers for its public finance group. Gus Escher will direct PNC's capital markets efforts for housing and redevelopment issuers nationwide. He has worked in public finance at Lehman Brothers, Citicorp Securities Inc., and New York-based Artemis Capital.

Kari Fazio will be responsible for working with governmental, nonprofit and municipal clients in Eastern Pennsylvania. She joins the bank from the Philadelphia city government.

PNC Capital Markets is Pennsylvania's largest underwriter of municipal bonds and notes. During the first half it was the senior manager on $967.7 million in municipal underwritings in the state.

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