Business & Finance
Business and Finance
Business and Finance
Mon, February 28, 2011 Keefe, Bruyette & Woods Elevates Fred Cannon to Director of Research
NEW YORK--([ BUSINESS WIRE ])--Keefe, Bruyette & Woods, Inc., a full-service investment bank that specializes in the financial services sector, and a wholly owned subsidiary of KBW, Inc. (NYSE: KBW), today announces the retirement of John Howard, Co-Director of Research, effective immediately. Fred Cannon, who has served as Co-Director of Research with Mr. Howard since June 2009, will now assume sole responsibility for research oversight. In addition to taking on the role of Director of Research, Mr. Cannon will also continue to serve as Chief Equity Strategist.
"In his 28 years with us, John has played an integral role in the firma™s growth and we are going to miss him"
aIn his 28 years with us, John has played an integral role in the firma™s growth and we are going to miss him,a said John Duffy, Chairman and Chief Executive Officer. aHe has been a top salesperson, a leader in our Hartford office, a KBW Board member and led our Research Department during the firma™s rebuild after September 11th. He has also been instrumental in helping build our operations overseas. We wish him the best.a
Mr. Cannon has held senior positions with the firm in Equity Research and across the banking industry. He first joined the firm in 2003, providing equity research on banks and thrifts with a specialization in the mortgage sector.
aFred is eminently qualified for the position and we know he will do a terrific job,a said Thomas Michaud, President of Keefe, Bruyette & Woods. aWe all look forward to working with him to further the firma™s reputation for research excellence.a
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 and debt securities of financial services and real estate companies.
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