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KBW Names Scott R. Anderson and Joseph S. Berry Jr. Co-Heads of Depository Investment Banking

^{Published on 2010-10-06 13:16:20 - Market Wire}
 

NEW YORK--([ BUSINESS WIRE ])--KBW, Inc. (NYSE: KBW), a full-service investment bank that specializes in the financial services sector, today announced the promotions of Scott R. Anderson and Joseph S. Berry Jr. to the newly-created roles of Co-Heads of Depository Investment Banking based in the firma™s New York headquarters.

"Scott and Joe have been invaluable assets to our team and we are confident in their ability to lead our effort"

Anderson and Berry will be responsible for merger advisory work, recapitalizations & restructurings, capital markets transactions and strategic advisory work for banks, thrifts and credit card processing companies. They will report to Peter J. Wirth, Global Head of Investment Banking.

With 20 years of industry experience, Anderson has spent the last 10 years at KBW as a Managing Director covering the mid-Atlantic region. Prior to joining the firm, he was a Managing Director at First Union Securities. Anderson holds an MBA from the University of North Carolina and a B.S. in Commerce from the University of Virginia.

Berry has been with KBW for 15 years and covers companies in the Midwest, Florida and Puerto Rico for the firm. He most recently served as a Managing Director and began his career with KBW in the Equity Research group following banking institutions in the Southeast. Berry graduated with a B.A. in Economics and English from Bucknell University.

aScott and Joe have been invaluable assets to our team and we are confident in their ability to lead our effort,a said Peter J. Wirth, Global Head of Investment Banking. aWhile the banking industry has made significant progress since the height of the financial crisis, there remains a sizeable capital need. Also, the early signs of bank consolidation are beginning to appear and we anticipate that consolidation activity will accelerate as conditions stabilize further. KBW has played a significant role in assisting the industry in recapitalizing during this period and our new organizational structure better positions us for the activity that lies ahead.a

Wirth, who leads the firma™s investment banking team from New York, has also been named to the Board of Directors for Keefe, Bruyette & Woods Limited in London. In this position, he will advise on activity surrounding the ongoing build-up of KBWa™s European investment banking group as the firm continues to bolster its global efforts.

About KBW

KBW operates in the U.S., Europe and Asia through its broker dealer subsidiaries, Keefe, Bruyette & Woods, Inc., Keefe, Bruyette & Woods Limited and Keefe, Bruyette & Woods Asia Limited. It also offers asset management services through KBW Asset Management, Inc. Founded in 1962, the firm is widely recognized as a leading authority in the banking, insurance, brokerage, asset management, mortgage banking, real estate and specialty finance sectors. The firm has established industry-leading positions in the areas of research, corporate finance, mergers and acquisitions as well as sales and trading in equities of financial services companies.

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