Keefe, Bruyette & Woods, the investment bank purchased by Stifel Financial, has hired Neil Chawhan from Bank of America’s Merrill Lynch to work on insurance deals as consolidation accelerates in the industry.
Bloomberg News reports that Chawhan is based in New York and was named a managing director, KBW said in a statement Tuesday.
In the meantime, Reuters reports that Philip Drury has been promoted to Citigroup's head of capital markets origination for Europe, the Middle East and Africa, according to an internal memo seen by IFR.
He will lead the bank's debt and equity businesses throughout the region.
Finally, Bloomberg reports that Deutsche Bank’s head of Russian equities has left the bank, according to people with knowledge of the situation.
Tim Wiswell departed in recent weeks, said the people, who asked not to be named as the details are private.