NEW YORK: Fraiman to take reins at Cain Bros. & Co. healthcare investors

Healthcare investment bank Cain Brothers & Company has named Robert J. Fraiman, Jr., 51, president/CEO, effective Jan. 1, 2010. The bank's founder, James E. Cain, will continue on the firm's executive committee and remain engaged with clients and in business outreach. Founder Dan Cain will remain chairman of the board and will also remain engaged with clients. The bank also named Jill Frew as managing director.