NEW YORK–(BUSINESS WIRE)–Oct. 1, 2003–Fox-Pitt, Kelton (“FPK”), the only investment bank specializing in financial institutions worldwide, today announced the appointment of Joseph C. Duwan asU.S. Director of Research and a senior member of the U.S. Bank Research Team.
Mr. Duwan brings 19 years of experience in equity research, investment management and corporate finance to Fox-Pitt, Kelton. He began his career with Keefe, Bruyette & Woods in corporate finance and merger advisory and in 1990 joined the equity research department as a bank stock analyst covering large-capitalization regional banks. In 2001, Mr. Duwan became the Director of Research at Conning & Company (the equity division was subsequently merged with Fox-Pitt, Kelton). Mr. Duwan was most recently associated with a hedge fund. He is a CPA and received his MBA from The Wharton School at the University of Pennsylvania.
Chris Wheeler, Head of Global Equities at FPK, said, “We are extremely pleased to have Joe lead our equity research team in the U.S. We believe his experience and knowledge of the financial services industry will further enhance FPK’s strong research reputation and that Joe will continue to build on the contributions from Alan Zimmermann, who will move to the role of Chief U.S. Equity Strategist.”
Jon Balkind, Head of U.S. Bank Research, added, “We are very excited to add Joe to our Bank Research team as he brings extensive industry and company knowledge which will help develop and strengthen FPK’s relationships with its institutional investor clients.”
Notes to Editors
— Fox-Pitt, Kelton (FPK) is a core part of Swiss Re’s Capital
Markets & Advisory business. Founded in 1971, FPK is the only
global investment banking operation specializing in financial
services worldwide. FPK has offices in New York, London,
Zurich, Hartford and Hong Kong.
FPK’s reputation has been built around the quality of its
equity research, covering over 350 financial institutions
stocks worldwide. This research is routinely highly ranked in
the main investor polls and is distributed globally through a
team of specialist salespeople and traders.
FPK has a team of corporate finance professionals who also
specialize in financial services. This team provides advice on
mergers and acquisitions and equity capital market
transactions and structures Swiss Re’s capital and risk
management solutions for banks and insurance companies.
For more information, visit www.fpk.com
— Swiss Re is a leading reinsurer and the world’s largest life
and health reinsurer. The company is global, operating from 70
offices in 30 countries. Since its founding in 1863, Swiss Re
has been in the reinsurance business. Swiss Re has three
business groups: Property & Casualty, Life & Health and
Financial Services. Swiss Re offers a wide range of
traditional reinsurance products and related services, which
are complemented by insurance-based corporate finance
solutions and supplementary services. Swiss Re is rated “AA”
by Standard & Poor’s, “Aa1” by Moody’s and “A++” by A.M. Best.
