KBW Hires New Portfolio Manager

Jul 19 2007 | 9:54am ET

KBW Asset Management has appointed John Wimsatt as managing director and portfolio manager for the long/short vehicles KBW Financial Services Fund and KBW Small Cap Financial Services Fund. Wimsatt succeeds Michael O'Brien, who is retiring from KBW after 22 years, the last eight at KBWAM.

Wimsatt was most recently a portfolio manager and analyst focusing on financial stocks at Levin Capital Strategies, an alternative asset management firm with approximately $2.5 billion in assets under management.

“Financial services is the single largest sector of the market,” said Wimsatt. “KBW has a well earned reputation for understanding the sector better than any other firm on Wall Street and it is a thrill to be part of this organization.”

KBW is a wholly-owned subsidiary of boutique investment bank Keefe Bruyette & Woods.

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