Fox-Pitt Kelton Cochran Caronia Waller Expands Its U.S. Banks Team

LONDON, NEW YORK and CHICAGO, July 22 /PRNewswire/ -- Fox-Pitt Kelton
Cochran Caronia Waller ("FPKCCW"), a leading global investment bank
specializing in the financial services sector, has expanded its research team
in commercial bank stocks. David Trone has been named Head of Commercial and
Investment Banks Research and has added bank stocks, J.P. Morgan and
Citigroup, to his long-standing coverage of U.S. investment banks and brokers.
Tom Alonso has been promoted to cover mid-Atlantic and northeast banks and
thrifts while Brent Christ continues to focus on western regional banks.
Brent also has relocated to our Boston office, further expanding our
on-the-ground presence with our institutional equity clients in this important
region.
In addition to these internal moves, the firm has also made a few external
hires. Assisting David on the banks will be Bimal Shah, who recently joined
from Citigroup where he worked in the Global Consumer Group. Eugene Koysman
has joined to assist senior analyst Andrew Marquardt, who covers large-cap,
trust, and midwest regional banks. Finally, Billy Young joins FPKCCW to
assist Al Savastano in coverage of primarily southeast regionals.
With U.S. bank stocks under significant pressure, investors now more than
ever need quality advice and insights, yet many sell-side firms have been
cutting staffing. By contrast, FPKCCW believes the announced changes and
additions to its research staff demonstrate a strong commitment to providing
industry-leading coverage of U.S. bank stocks.
About Fox-Pitt Kelton Cochran Caronia Waller
Founded in 1971, with offices in New York, Chicago, Boston, Hartford,
London, Hong Kong and Tokyo, FPKCCW is one of the leading global specialist
investment banks focused exclusively on the financial services sector.
Fox-Pitt, Kelton ("FPK") and Cochran Caronia Waller ("CCW") closed on August
31, 2007 their previously announced merger.
FPK's reputation has been built around its equity research team which has
consistently been recognized by institutional investors for its quality and
independence. FPK is also a leading underwriter of equity securities and
actively serves as a strategic advisor providing advice on mergers &
acquisitions, corporate restructurings and equity capital market transactions
for banks, insurance companies and other financial services companies around
the world.
CCW has specialized in the property-casualty, life and health industries
and related businesses offering clients research, equity sales, alternative
capital-raising and mergers and acquisitions advisory services. CCW has been
consistently ranked among the leaders in insurance investment banking
transactions. For further information, please visit our website at
http://www.fpk.com.

Contacts:
Tiffany Gosnell
(312) 425 4074
tiffany.gosnell@fpk.com

SOURCE Fox-Pitt Kelton Cochran Caronia Waller

Tiffany Gosnell of Fox-Pitt Kelton Cochran Caronia Waller, +1-312-425-4074,
tiffany.gosnell@fpk.com