Fox-Pitt, Kelton Opens San Francisco Investment Banking Office;
Jean Luc Servat Hired as Managing Director; Further Expansion Seen
NEW YORK--(BUSINESS WIRE)--Sept. 4, 2001--Fox-Pitt, Kelton Inc., a unit of Swiss Re, today said that it is expanding its San Francisco branch office to include a team of investment bankers that will focus on mergers and acquisitions and capital-raising for financial institutions in the western part of the United States including California, the Pacific Northwest and the Rocky Mountain region.
The team will be led by Jean Luc Servat who joins FPK from Merrill Lynch's San Francisco office.
Mr. Servat has more than 20 years of experience as an investment banker in New York, Hong Kong and San Francisco. For most of the past 15 years, his primary focus has been on financial institutions in the western United States. In addition to his tenure at Merrill Lynch, Mr. Servat has held executive positions at Alex Brown where he was head of West Coast financial institutions and Hoefer and Arnet, where he was head of Investment Banking. Mr. Servat is a graduate of Ecole des Hautes Etudes Commerciales in Josas, France, and received his MBA from Harvard University, Cambridge, MA.
"Our San Francisco-based business continues to grow and we expect these appointments to be just the first step in our expansion of FPK's West Coast operations," said Peter E. Roth, FPK's senior managing director and head of investment banking. "We have known Jean Luc for many years and he brings with him extensive experience in the banking and thrift sectors. Over the next few months we will be adding further to our staff on the west coast."
In addition, Fox-Pitt, Kelton announced today that Michael Namba and Olaf Vlieks will join the San Francisco investment banking department as a vice president and associate respectively. Both worked most recently at Merrill Lynch in San Francisco.
Fox-Pitt, Kelton is an international investment banking and brokerage firm focusing exclusively on financial institutions throughout the world. The company operates through full-service offices in New York, London, Hong Kong, San Francisco, and Hartford.
Swiss Re is one of the world's leading reinsurers with over 70 offices in more than 30 countries. In the 2000 fiscal year, gross premium volume amounted to CHF 26.1 billion (USD15.4 billion) and the net income after tax reached CHF 3 billion (USD 1.8 billion). Swiss Re is rated "AAA" by Standard & Poor's, "Aaa" by Moody's and "A++" (superior) by A.M. Best.