KBW Adds Jefferies Dealmaker Cicero for Investment Banking

  • Cicero to work on merger-advisory services, restructurings
  • Hiring marks return to KBW after roles at Lehman, Barclays

Keefe, Bruyette & Woods, the securities firm purchased by Stifel Financial Corp., hired Frank Cicero from Jefferies Group to work on banking-industry deals.

Cicero, 46, was named a managing director and will work on merger-and-advisory services, capital-markets transactions and restructurings for banks and thrifts, KBW said Monday in a statement.

Stifel has been working to bolster KBW since acquiring the firm in 2013, adding to equity-research teams and hiring Neil Chawhan last year from Bank of America Corp.’s Merrill Lynch to work on insurance transactions. New York-based KBW has advised on 58 deals, with a combined value of more than $4.8 billion, since the beginning of last year, according to the statement.

“Frank brings a wealth of industry knowledge and advisory relationships to KBW and we are excited to have him rejoin the firm,” Peter Wirth, KBW’s global head of investment banking, said in the statement. “As the wave of bank consolidation continues, Frank’s addition helps solidify our position.”

Cicero began his career at KBW, and then worked at Lehman Brothers Holdings Inc. and Barclays Plc before joining Jefferies, where he became global head of the financial institutions group, according to the statement. He has a bachelor’s degree from Columbia College.

Richard Khaleel, a spokesman for New York-based Jefferies, had no immediate comment.

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