Inc. (NYSE: KBW), a full-service investment bank that specializes in
the financial services sector, today celebrates its 50th
anniversary. Since its founding on June 11, 1962, the firm has grown
into a respected international franchise, with industry leading
positions in the areas of research, corporate finance, mergers &
acquisitions, and sales & trading in equities and fixed income products.
KBW celebrates its 50th anniversary. Since its founding on June 11, 1962, the firm has evolved into the ninth largest investment bank in the United States. Today, behind the leadership of President and CEO Thomas Michaud, KBW looks to the future and is well-positioned for continued growth and success in the years to come. (Photo: Business Wire)
KBW originated as a specialist boutique firm focused solely on U.S.
banks. In the past 50 years, it has evolved into the ninth largest
investment bank in the United States, covering all sub-sectors of
financial services including banking, insurance, brokerage, asset
management, mortgage banking, real estate and specialty finance.
Company highlights include:
In a shifting regulatory environment, KBW has advised on more
financial services and FDIC-assisted transactions
than any other investment bank and has been the leading manager of equity
KBW equity research analysts follow 203 U.S. banks and 677 financial
services companies globally, the broadest coverage
universe of its kind.
KBW is a leading market
maker in financial stocks, accounting for nearly five percent of
overall trading volume in Nasdaq Financial 100 stocks.ii
The KBW Bank Index (BKX),
launched in 1962, has become the gold standard barometer for measuring
bank stock performance.
Thomas Michaud, President and CEO of KBW commented, “The financial
industry has experienced tremendous change in the last half century.
Through it all, KBW continued to guide our clients through a wide
variety of market and economic conditions. We advised on sweeping
regulatory changes and together faced a global financial crisis. As a
firm, we experienced incredible obstacles and unbelievable heartbreak,
but each time managed to come back stronger and more determined to
KBW was one of the many firms tragically affected by the events of
September 11, 2001, when its headquarters in the World Trade Center was
destroyed and 67 colleagues were lost. In the past decade, the firm has
rebuilt, gone public and currently maintains a strong and liquid balance
sheet with little to no debt or leverage.
“For KBW to continue to thrive after 50 years is a testament to the
strength of our business model, the dedication of our employees and the
unwavering support from our clients,” said Andrew Senchak, Chairman of
KBW. “No matter the situation, we adapted when necessary and never
wavered on our mission to put our clients’ needs first. That is the core
principal that our firm was founded on and one that will lead us in the
KBW, Inc. 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. Celebrating its
50th anniversary, KBW has established itself as a leading independent
authority in the banking, insurance, brokerage, asset management,
mortgage banking, real estate and specialty finance sectors. Founded in
1962, the firm maintains 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
i Source: SNL Financial. Represents domestic bank and
thrift, insurance, securities and investments and specialty
finance transactions from 1/1/2004 to 12/31/2011
ii Source: Autex Block Data as of 12/31/11
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