KBW, the financial institutions specialist, has hired five more former Fox-Pitt, Kelton bankers from Macquarie, including a former European investment banking head, as staff who left the business following its merger with the Australian bank find new homes.

The bank has appointed Nick Triggs as its co-head of European investment banking, with immediate effect. He will act alongside co-head Stephen Howard, who joined KBW in 2004 to launch the firm's European investment banking team.