Fox-Pitt, Kelton Opens San Francisco Investment Banking Office;

 Jean Luc Servat Hired as Managing Director; Further 
Expansion Seen  
Business Editors  
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. 
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