Tuesday, 26 July 2016
Last updated 1 hour ago
Jul 15 2009 | 10:05am ET
Keefe Bruyette & Woods has hired a Ramius Capital veteran as the investment bank moves into the convertible and preferred securities market.
Robert Ryon will head the new convertible sales and trading team. He joins KBW from Ramius, where he was a managing director, portfolio manager and head of convertibles.
“KBW’s entry into the convertible market is a natural extension of our franchise in financial services and complements our well-established equity and fixed income sales and trading businesses,” said Thomas Michaud, president of KBW. “Many of the companies we research have convertible securities outstanding and many of our institutional clients are owners of these instruments.”
Joining Ryon on the new team are four industry veterans, three of them new to KBW. With Ryon from Ramius comes Gregg Loprete as a trader. Loprete served on the convertible arbitrage team at Ramius and formerly worked at SG Cowen & Co.
Brian Lovit will serve as a senior convertible trader at KBW, following stints as a convertible trader at Wachovia Securities, JPMorgan Chase and Morgan Stanley. Sabina Bhatia, formerly of Basso Capital Management and Tamalpais Asset Management, was named an analyst on the new team.
Rounding out Ryon’s group is Walter Duborg, who has served as a vice president at KBW for the past four years. He will serve as a preferred and hybrid trader.