Keefe, Bruyette & Woods
 |
|
| Subsidiary | |
| Industry | Investment Banking |
| Founded | 1962 |
| Headquarters |
AXA Equitable Center New York, New York, United States |
|
Key people
|
Thomas B. Michaud, President & CEO Andrew M. Senchak, Chairman |
| Revenue |
 $425.9 million (2010) |
|
$26.6 million (2010) |
|
| Total assets |
$699.7 million (2010) |
|
Number of employees
|
585 (2010) |
| Parent | Stifel Financial |
| Website | www |
Keefe, Bruyette & Woods, Inc. is an investment banking firm headquartered in New York City, specializing exclusively in the financial services sector. KBW's primary business lines include Research, Corporate Finance, Equity Sales and Trading, Fixed Income Sales and Trading, Equity Capital Markets, Debt Capital Markets, and Asset Management.
The firm provides a broad range of services to corporate clients such as banking companies, insurance companies, real estate and REITs, broker-dealers, mortgage banks, asset management companies, and specialty finance firms as well as to the institutional investor community. KBW's research analysts cover more than 600 companies in the financial services industry globally.
The company, which was founded in 1962, currently has eight offices in the United States as well as offices in London, Hong Kong and Tokyo. In 2012, KBW was acquired by Stifel Financial, a financial services holding Company, for $575 million.
The firm was founded in 1962 by Harry Keefe Jr., Gene Bruyette and Norbert Woods. The three founders previously had worked together at Tucker, Anthony & R. L. Day. Beginning in the 1950s, Keefe had been one of the first Wall Street research analysts to focus on bank stocks, which later became the specialty of the firm he co-founded. Norbert Woods died in 1972 and the firm was led by Keefe and Bruyette through the 1970s and 1980s.
Under Harry Keefe, the firm advised on several mergers that helped form large regional banks in the 1980s. The firm advised on a series of deals that created the Bank of New England out of smaller banks in Massachusetts and Connecticut. KBW also advised on the creation of SunTrust Bank from a group of Florida and Georgia based banks. In 1985, KBW negotiated the merger of Wachovia and First National Bank of Atlanta. More recently, in 2005, the firm was sole adviser to Bank of America in their takeover of MBNA.
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Wikipedia